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  Investor Confidence Project Europe releases first Building Renovation Investment Protocols
Investor Confidence Project Europe releases first Building Renovation Investment Protocols
9 October 2015 - 19:32

The Investor Confidence Project (ICP) Europe released its first draft protocols on 14 September 2015 and is inviting stakeholders to comment prior to developing the final version. The protocols are the first component of the ICP System which standardises how energy efficiency projects are developed and measured. The ICP system is aimed at unlocking access to financing for the building renovation market.

By streamlining transactions and increasing the reliability of projected energy savings, ICP Europe intends to build a marketplace for standardized energy efficiency projects. The individual projects can then be aggregated and traded by institutional investors on secondary markets – just like mortgages or other asset-backed securities.

Dr Steven Fawkes, a Senior Advisor for the project and a member of the Investment Committee of the London Energy Efficiency Fund, says:

"Governments and NGOs have for years been talking about how energy-efficiency is the low hanging fruit, which can bring a healthy return on investment. But, despite the actions of a few market leaders, investing in it is not as easy as it's made out to be, otherwise everybody would be doing it. We want to change that. We want to make it become a standardised product and then an indispensable part of every institutional investor's portfolio."

Stakeholders are invited to contribute notably through the Technical Forum (next one will be held on 29 October 2015).

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