An international protocol has been released that will increase investor confidence in renewable energy technologies.
WASHINGTON, DC – The U.S. Department of Energy has released the third edition of the International Performance Measurement & Verification Protocol (IPMVP) that was developed in collaboration with hundreds of organizations and experts from 25 countries. The publication has become the international industry consensus standard for building energy efficiency measurement and verification, and describes measurement and verification options to quantify the benefits of projects involving wind, solar, biomass, and geothermal energy. For developing countries, the protocol offers cost-effective ways to construct energy efficient buildings, control the costs of new power and water treatment plants, and limit the costs of importing energy. “Energy efficiency is the most cost-effective way for industrialized and developing countries to limit the enormous financial, health and environmental costs of burning fossil fuel,” says now-former Energy Secretary Bill Richardson. “By providing an international standard to measure energy savings, the IPMVP will help nations improve the energy efficiency of buildings, lower the cost of financing energy efficiency projects, increase energy savings, reduce pollution and improve public health.” Earlier editions of the protocol have reduced the cost of energy efficiency financing loans by several percentage points, and saved energy. DOE studied 1,000 building upgrades, and found those which followed strict protocol guidelines for energy measurement and verification had energy savings that were 50 percent higher than those with little or no measurement and verification. If non-residential buildings in the U.S. were to conform to the protocol, more than $10 billion in energy and water costs would be saved annually within a decade, while 100,000 permanent jobs would be created and greenhouse gas emissions would be significantly reduced. The protocol has been translated into Chinese, Russian, Spanish, Portugese, Czech, Korean, Japanese, and several other languages.