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A multi-criteria evaluation framework for tradable white certificate schemes

Mundaca, Luis LU and Neij, Lena LU (2009) In Energy Policy 37(11). p.4557-4573
Abstract
Recent years have witnessed regained political momentum on energy efficiency and interest in establishing markets is growing. As a result, Tradable White Certificate (TWC) schemes of differing design have been implemented in Great Britain, Italy and France. Much attention is being paid to justifying and evaluating such schemes. In this paper, we develop and apply a multi-criteria framework for evaluating TWC schemes-an approach that attempts to cover their individual design features. A broad evaluation is conducted regarding energy-saving and environmental effectiveness, economic efficiency, cost-effectiveness, transaction costs, political feasibility, administrative burden and technical change. The results show the design and performance... (More)
Recent years have witnessed regained political momentum on energy efficiency and interest in establishing markets is growing. As a result, Tradable White Certificate (TWC) schemes of differing design have been implemented in Great Britain, Italy and France. Much attention is being paid to justifying and evaluating such schemes. In this paper, we develop and apply a multi-criteria framework for evaluating TWC schemes-an approach that attempts to cover their individual design features. A broad evaluation is conducted regarding energy-saving and environmental effectiveness, economic efficiency, cost-effectiveness, transaction costs, political feasibility, administrative burden and technical change. The results show the design and performance of TWC schemes to be case and context-specific, and generalisations are thus inappropriate. This evaluation supports the cost-effectiveness modelled for the British scheme and the assumption that a TWC scheme is an economically efficient policy instrument. For the other, more complex TWC schemes, more data and experience are needed to judge their ex-post merit. On the whole, the proposed multi-criteria evaluation requires considerable data and complementary methods. However, the framework improves the understanding of the broad effects and attributes of TWC schemes. It deals with various empirical and normative aspects that can be applied in their evaluation. (C) 2009 Elsevier Ltd. All rights reserved. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Energy-efficiency policy evaluation, Multi-criteria evaluation, Tradable white certificate schemes
in
Energy Policy
volume
37
issue
11
pages
4557 - 4573
publisher
Elsevier
external identifiers
  • wos:000271824600038
  • scopus:70449389978
ISSN
1873-6777
DOI
10.1016/j.enpol.2009.06.011
language
English
LU publication?
yes
id
c652f768-818e-4f95-8d29-86ca3df9eead (old id 1518483)
date added to LUP
2009-12-28 15:30:16
date last changed
2017-10-22 04:05:16
@article{c652f768-818e-4f95-8d29-86ca3df9eead,
  abstract     = {Recent years have witnessed regained political momentum on energy efficiency and interest in establishing markets is growing. As a result, Tradable White Certificate (TWC) schemes of differing design have been implemented in Great Britain, Italy and France. Much attention is being paid to justifying and evaluating such schemes. In this paper, we develop and apply a multi-criteria framework for evaluating TWC schemes-an approach that attempts to cover their individual design features. A broad evaluation is conducted regarding energy-saving and environmental effectiveness, economic efficiency, cost-effectiveness, transaction costs, political feasibility, administrative burden and technical change. The results show the design and performance of TWC schemes to be case and context-specific, and generalisations are thus inappropriate. This evaluation supports the cost-effectiveness modelled for the British scheme and the assumption that a TWC scheme is an economically efficient policy instrument. For the other, more complex TWC schemes, more data and experience are needed to judge their ex-post merit. On the whole, the proposed multi-criteria evaluation requires considerable data and complementary methods. However, the framework improves the understanding of the broad effects and attributes of TWC schemes. It deals with various empirical and normative aspects that can be applied in their evaluation. (C) 2009 Elsevier Ltd. All rights reserved.},
  author       = {Mundaca, Luis and Neij, Lena},
  issn         = {1873-6777},
  keyword      = {Energy-efficiency policy evaluation,Multi-criteria evaluation,Tradable white certificate schemes},
  language     = {eng},
  number       = {11},
  pages        = {4557--4573},
  publisher    = {Elsevier},
  series       = {Energy Policy},
  title        = {A multi-criteria evaluation framework for tradable white certificate schemes},
  url          = {http://dx.doi.org/10.1016/j.enpol.2009.06.011},
  volume       = {37},
  year         = {2009},
}