American way of financing energy efficiency projects could lead to breakthrough in Europe

A retrofit project of the National Health Service (NHS) in the UK is the first in Europe to sign up to a new energy efficiency accreditation scheme, imported from the United States. This Investor Ready Energy Efficiency (IREE) certification gives investors and financial institutions guarantees that a project is environmentally and financially sound. It could pave the way for a huge expansion of energy efficiency projects across Europe: “the IREE represents the beginning of the creation of a recognisable standard investment class.”

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(photo province of British Columbia)

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