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"Right now appraisers really don't have an effective way of considering energy-efficient features," said Robert Sahadi, the director of energy efficiency finance policy for the Institute for Market Transformation, a major supporter of the legislation.
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Even so, Copithorne said, "They could not borrow a couple of million bucks to do an energy efficiency financing.
Lord Deben said: "The options before us are impressive in scope and scale – from energy efficiency financing through green bonds to private investment in renewable energy, from divestment from fossil fuels to investment in green venture capital".
Development of specialised energy efficiency financing windows in appropriate financial institutions, development of skills for energy efficiency project appraisal and design of specialised financial products are other measures to accelerate the diffusion of energy efficiency.
Islington council in London, together with NHS Islington, have started a Seasonal Health Intervention Network (Shine) which seeks to reduce fuel poverty, seasonal deaths and hospital emissions, giving advice on energy efficiency and finances.
Serial tech entrepreneur and investor, Elon Musk, and SolarCity— providers of solar power system and energy efficiency design, financing, installation and related services— donated a solar power generating system to the Hurricane Katrina- and BP Oil Spill-effected community of Coden, Alabama the company announced today.
Prior to starting Resonate she was a Field Organizer and Program Manager at Groundswell in Washington, DC, where she led and managed the launch of a city-wide energy efficiency and financing program for low-income residents.
PACE allows the owners of commercial and industrial property to use a property tax lien to finance energy efficiency upgrades like solar panels and water recycling systems.
He is especially fond of programs that allow homeowners to finance energy efficiency improvements as part of their property tax bill.
For commercial property owners in California looking to finance energy efficiency upgrades for their buildings, the process should be a bit easier and cheaper come early next year, thanks to a new pilot program approved last week by the state's Public Utilities Commission.
This paper will interest those policy makers and industrial entrepreneurs who are willing to finance energy efficiency projects and improve energy efficiency in the industrial sector.
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