Element Energy at World Bank’s conference on NDC implementation in San Jose, Costa RicaMarch 6, 2017
The Paris Agreement, now ratified by 132 countries, requires national governments to develop ‘nationally-determined contributions’ (NDCs) setting out ambitious carbon emissions reductions targets and the actions they will undertake to achieve the reduction.
The Technical Workshop “Paving the Way for NDC Implementation: Analyzing Policy Options and Modeling Carbon Pricing”, organized by the PMR Secretariat in collaboration with the Ministry of Environment and Energy of Costa Rica, brought together policy makers and technical practitioners who are involved in the analytics underlying NDC implementation planning efforts in their respective countries, and international experts working on this topic.
Element Energy’s Built Environment team leader, Sam Foster, was invited to present the case study of energy efficiency in Morocco’s buildings sector, following Element Energy’s recent analysis carried out on this topic for the World Bank. This study found that, while carbon pricing and targeted grant supports would help to accelerate the deployment of energy-efficient appliances, low carbon heating and renewable generation, a more effective strategy would involve market reforms to reduce transaction costs and lower investor hurdle rates. As governments across the world developing their decarbonisation strategies wrestle with numerous competing domestic priorities, we believe the application of thoughtful, evidence-based analysis such as this will be critical to ensure the targeted emissions reductions can be realised.Buildings. Bookmark the permalink.