subject: North America Energy Efficiency Policy Handbook, 2010: Policy Measures Driving Energy Efficient Practices [print this page] North America Energy Efficiency Policy Handbook, 2010: Policy Measures Driving Energy Efficient Practices
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North America Energy Efficiency Policy Handbook, 2010: Policy Measures Driving Energy Efficient Practices
GlobalData's new report "North America Energy Efficiency Policy Handbook, 2010: Policy Measures Driving Energy Efficient Practices" provides an in-depth analysis of the policy initiatives in the US and Canada. It details the key policy instruments adopted by the US and Canadian governments and analyzes the different forms of incentives and subsidies provided for the development of energy efficient technologies. The report analyzes financial instruments such as tax reforms, subsidies, loans and other types of incentives. The report details the market-based instruments such as certificates driving the energy efficiency appliance market. The report discusses in detail the energy efficiency measures being taken by the industrial, residential, tertiary and transportation sectors of each country. The report assesses the key regulations and policies and their impact on the growth of the energy efficient appliance market. The report also discusses the role of the public sector in the deployment of energy efficiency measures. The report suggests investment decisions in building equipment, heating, ventilating and air conditioning (HVAC), lighting, automotive equipment and boiler suppliers by describing the trends and information on various policy instruments by country.
Focus on Reducing Carbon Emissions Drive Energy Efficiency Programs in the US
Several regulations in US have been developed in order to encourage the deployment of renewable source and energy efficiency measures. The American Clean Energy and Security Act' has provisions to reduce carbon emissions by decreasing the country's consumption of fossil fuels. The consumption of energy from fossil fuels can be decreased by increasing the energy produced from renewable sources or by saving energy.
Figure 1: The US, Energy Efficiency Savings Potential, 2009
Source: GlobalData /EIA Annual Energy Outlook 2010
EE Energy Efficiency (EE) Potential 2020 indicates the total energy consumed after deploying energy efficiency measures
Energy efficiency measures can be used to reduce the energy consumed from fossil fuels, which is why the US climate bills has provisions to drive energy efficiency measures. The existing provisions in HR 2454 for energy efficiency measures could save $400 billion by 2030 and nearly $470 billion by 2050. The investments in energy efficiency measures will also create jobs, ensure energy security, drive innovations and save consumers' money.
The provisions in the clean energy bills and budget allocations will drive the energy efficiency programs in the US.
Stimulus Package of American Recovery and Reinvestment Act (ARRA) has Boosted the Energy Efficient Appliance and Building Markets in the US during Recession
The ARRA was passed in 2009 and has encouraged significant investment in energy efficiency and renewable energy in the US. The recovery act was intended to provide a stimulus to the ailing, recession-hit American economy. A major portion of the stimulus package for the energy sector was focused on energy efficiency and renewable energy measures.
It was estimated that approximately 47% of the overall stimulus package of $16.8 billion went towards energy efficiency measures. ARRA has also extended the tax incentives which were part of Energy Policy Act 2005 (EPACT). ENERGY STAR rated appliances are also eligible for Federal Tax Credits. ARRA has encouraged the purchase of ENERGY STAR-rated appliances, new furnaces, windows and insulation for the energy efficient upgrade of homes.
Figure 2: The US, Investments in Energy Efficiency as a Part of ARRA, 2009
Source: GlobalData /Department of Energy (DOE)
Note: EERE - Energy Efficiency and Renewable Energy , CW - Clean up of Cold War Nuclear Sites, Loans -Loan Guarantees for Renewable Energy, OE -Smart Grid and Efficient Electrical Transmission, CCS - Carbon Capture and Storage, SR - Scientific Research, ARPA - Advanced Research Projects Agency - Energy
Heating, Ventilation and Air Conditioning (HVAC) Manufacturers' Compliance with Regulatory Standards Fortifies the Energy Efficient Heating and Cooling Equipment Market in the US
The executives of the Air-Conditioning, Heating, and Refrigeration Institute (AHRI), the American Council for an Energy-Efficient Economy (ACEEE), the Alliance to Save Energy (Alliance), the Natural Resources Defense Council (NRDC), Northeast Energy Efficiency Partnerships (NEEP), the Appliance Standards Awareness Project (ASAP), the California Energy Commission (CEC), the Northwest Power and Conservation Council (NWPCC) and other furnace and air conditioner manufacturers have signed an agreement to establish regional energy efficiency standards for HVAC appliances with stricter standards for new constructions. The standards are segregated based on three climate regions, North, South, and Southwest and this would aid in comprehending the region-wise energy usage for heating and cooling applications. This segregation will ensure the appropriate investment planning to drive the measures. The stricter standards necessitate both new and old buildings to be refurbished with appropriate insulation devices and the new standards are expected to save $13 billion during the period 2013-2030 incorporating the cost of more energy efficient equipment. The successful implementation of the standard would save an overall of 3.7 quadrillion Btu (British Thermal Unit) of energy, which is the equivalent of the energy consumed by 18 million US households in a year. The energy savings would also aid in achieving a reduction in CO2 emissions of 23 million metric tons by 2030.
The Canadian New Energy Efficiency Act is aimed at strengthening the Country's ENERGY STAR rated Appliances Market
The Canadian government has planned to rigorously pursue energy saving targets through energy efficiency measures. As a part of the plan, the government has proposed amendments to the Energy Efficiency Act in order to enhance the standards for energy consuming equipment/appliances. Windows and doors, as well as thermostats and other energy-system control devices, are among the applications eligible for the new standards. The amended act facilitates the development of standards to reduce the energy consumption from televisions, microwaves, CD players and computers. The new act is expected to drive technologically advanced products with better energy performance. The stringency of the new standards and the need for compliance will drive the energy efficient appliance market in Canada. For more details, please vist http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=10041
