Study Finds Implementation of Energy Efficiency Rules Needed Worldwide
A study released by Navigant Research stated that in a span of five years, the number of energy efficiency policies globally has continued to increase. However, even though such policies differ by country and region, and even if stricter policies are being implemented by more developed countries, one of the main factors that hinder significant and effective implementation is the lack or absence of stringent implementation of such policies. Achrnews also mentioned that the report also highlighted that there must be increased regulation of codes, policies, and standards in order to achieve a successful policy reform.
According to Krystal Maxwell, a Research Associate in Navigant Research, “Globally, governments and regulatory agencies have increased their focus on commercial buildings, which are large consumers of the world’s energy. Europe is a leader among world regions in energy efficiency policy, with the most rigorous building codes, performance standards, labeling, and benchmarking, as well as some of the most aggressive greenhouse gas emissions reduction targets.”
For example, the energy regulations in European Union demand member states to make and implement their own internal policies. This regulation has driven the member states to aggressively deal with energy efficiency in buildings and create their own regulations. The report also stated that the other factors responsible for increased policy creation globally include the Paris Climate Summit and independent organizations that work to create labeling and benchmark requisites.
Based on the published report on Navigant Research’s website, this particular study analyzes samples of present policies globally and assessed a select number of countries and states. This report is beneficial and can be used as a reference by green building organizations, industry associations, investor community, building regulatory organizations, government agencies, and energy efficiency equipment manufacturers.
The report addresses main concerns of those who are involved in energy efficiency policies implementation and equipment manufacturers such as the four main assessment areas of energy efficiency, energy building codes implemented in different countries, levels of greenhouse gas emissions that each country sets, and countries that are aiming for the most aggressive emissions reductions goals.
Navigant Research provides its clients with market intelligence developed to clarify investment and expansion opportunities for industry participants. The applications for the group’s analysis and research include, but not limited to, analyzing the structure of emerging value chains, competitive intelligence, market sizing and forecasting, and assessing market demand for new products and assisting with go-to-market strategies.