DETECTION, OPTIMIZATION AND MONETIZATION OF ECONOMIC FLOWS GENERATED
BY ENERGY EFFICIENCY IN THE URBAN TERRITORY
Making investments that result in gains in urban energy efficiency is a socially desirable object. It is rarely possible, however, to evaluate the overall economic value generated by such projects, and this is a major barrier to their implementation.
The reason for this is twofold:
- on the one hand, the potential for these projects to create economic, societal and environmental value is sometimes little known;
- on the other, dysfunctions exist amongst stakeholders (information bias, disparity of interests, etc.) that must be identified before they can be overcome.
An externality is an effect of a project on its stakeholders that is not subject to an economic transaction between them. It may be positive (increased comfort or property value, etc.) or negative (pollution, CO2 emissions, etc.).
This research project has the ambition to reconfigure actors’ interactions to enable optimal energy efficiency solutions to emerge.
- To achieve its aim, the project first seeks to go beyond classic market models by developing a method to evaluate energy efficiency projects that also assigns a value to their externalities or non-market effects (“monetization” element).
- It also proposes contractual solutions for the implementation of these energy efficiency solutions on a win-win basis, where the stakeholders in the investment contribute in proportion to the overall benefit they will receive (“contracting” element).
- Finally, it relies on previous research to identify innovative business models for energy efficiency.
- Design of a tool to value (monetise) the non-market effects of investments
- Development of a methodology for optimising an energy efficiency investment using the most appropriate contractual frameworks and economic models