Bank director: Raising cash for insulation is tougher than for wind turbines

Raising capital for energy optimization projects is categorically harder than finding money to back new developments like wind power – due to several factors. However, this is a market failure being that large returns can be reaped from improving energy efficiency, says managing director from the European Bank for Reconstruction and Development.

Photo: Julie Søgaard/Watch Medier

At the International Energy Agency’s conference last week on energy efficiency held in the Danish town of Sønderborg, the consistent theme discussed was that of how tangible, short-term emission reductions can be achieved by insulating buildings – contrasted to new developments such as wind farms, which take longer to offset carbon pollution.

One of the factors behind this issue is the comparative difficulty of raising capital for, for instance, insulating buildings, installing demand controllers like thermostats, or replacing windows in old buildings as juxtaposed to finding willing investors for, to name a few, energy islands, offshore wind, and solar farms.

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