Supporting Iran in implementation of an integrated energy efficiency market
As of: October 2021
Energy is very cheap in Iran. This means energy-efficient technologies offer a very low return on investment. To create incentives for saving energy despite this situation, Iran has spent the last few years creating the legal framework necessary to establish a market for energy efficiency. This energy efficiency market aims to enable companies to increase their level of investment in energy savings by ensuring that the energy saved can be sold at a higher price than is currently possible. Various instruments are appropriate for this strategy—such as the issuing of energy saving certificates, for example. The project is helping the relevant organisations in the country to design an energy efficiency market, which can then be trialled by projects in the field. These projects focus on examining whether and how the new market mechanism can ensure a return on investment for energy efficiency.