The workshop/seminar was hosted by: CESI, Italy Energy Efficiency Certificate Trading Certificate trading is one of the “new breed” of policy measures designed to combine the “guaranteed results” of regulation with the economic efficiency of market-based trading mechanisms. Several schemes have been developed for the “greening” of energy supply, and recently also an Italian scheme has been developed for efficient use of energy.
The workshop on Energy Efficiency Certificate Trading provided a forum for exchanging experiences about this new instrument and enabled a better appreciation of the scope for wider use of this novel approach.
To read the introductory papers click HERE
To read the workshop brochure click HERE
Workshop format:
Session A: Policy Overview
Session B: Country Experiences
Session C: Technical Design Issues
Session D: Gathering the Threads
Topics discussed:
Session A: Policy Overview
A1. Certificate Trading as a Policy Instrument Key Design and Policy Issues
– fundamentals of policy design
– how do tradable instruments create value?
– advantages and disadvantages relative to other appraoches
Policy Design and Implementation – presented by Phil Harrington, Head of Division, Energy Efficiency Policy Analysis, IEA, France.
A2. The Kyoto context
– relationships between different trading schemes/commodities and Kyoto obligations
The Kyoto Context – on Trading Systems for Kyoto Commitments (and more) – presented by Richard Baron, Energy & Environmental Division, IEA, France
The Kyoto Context – Certificates for Developing Renewables and Efficient Use of Energy – presented by Poul Erik Morthorst, Senior Research Specialist, Systems Analyses Department, Riso National Laboratory, Denmark.
Session B: Country Experiences
B1: Certificate Trading for Energy Efficiency –
Italy Certificate Trading for Energy Efficiency – Italy: Food for Thought from a Recently Launched Italian Scheme – presented by Roberto Malaman and Marcella Pavan, Regulatory Authority for Electricity and Gas, Italy.
B2. Certificate Trading for UK’s Energy Efficiency Commitment
Certificate Trading for UK’s Energy Efficiency Commitment – presented by John Costyn, Ofgem, United Kingdom.
B3. Certificate Trading for Renewable Energy – Lessons Learned – RECs in Europe, Certificate Trading for Renewable Energy – Lessons Learned – RECs Europe – presented by Peter Neirmeijer, General Secretary RECS, Ecofys, Netherlands.
B4. Certificate Trading for Renewable Energy – Australia
Australia’s Renewable Energy Certificate System (abstract paper) – presented by David Rossiter and Karla Wass, Office of the Renewable Energy Regulator, Australia.
Australia’s Renewable Energy Certificate System (presentation) – presented by David Rossiter, Regulator, Office of the Renewable Energy Regulator, Australia.
Session C: Technical Design Issues
C1: Framing the Market (Panel discussion)
– who can sell? who must buy?
– target setting
– managing price risks
Framing the Market – Technical Design Issues – presented by Marcella Pavan, Italian Regulatory Authority for Electricity and Gas (AEEG), Italy.
C2: Defining the “currency” (Panel discussion)
– defining a project – against what baseline?
– eligible projects
– ensuring additionality
– certificate definition – units, tradability
– integrity/security issues
C3. Trading Mechanisms (Panel discussion)
– registry structure
– who can trade?
– access for smaller players
– national vs international schemes
Trading Mechanisms – The Interactions of Three Markets: The Liberalised Power Market, The Tradable Green Certificate Market and the Tradable Permits Market – presented by Poul Erik Morthorst, Senior Research Specialist, Systems Analyses Department, Riso National Laboratory, Denmark.
Session D: Gathering the Threads
D1: Lessons Learned
– best practice policy design
– assessment
– mechanisms for monitoring outcomes
– issues for further investigation
Summary – Implications/opportunities for IEA DSM
D2: Implications/Opportunities for IEA DSM
Overview
