Financing Energy Efficiency of Buildings: Green Instruments and Policy Guidance

  • Focus Area -
  • Type Think20 (T20)
  • Date 29 May 2020
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Abstract

Despite ongoing efforts, there continues to be a significant investment gap in building energy efficiency (BEE). Given the limited public resources, targeted green finance instruments can help bridge this gap. However, mainstreaming green finance is fraught with several challenges, including the lack of a global taxonomy and incoherent policy guidance. In this policy brief, we first propose improving national BEE standards, especially in the developing members of the G20, and to reduce differences between the national and global standards, which can significantly contribute to establishing a global taxonomy of green finance for BEE. Next, we propose a more focused and progressive implementation of the G20 Tokyo Declaration with systemic policy action, aligning fiscal and financial policy priorities with low-carbon energy transition goals that can catalyze the development of green finance.

Authors

Fatih Yılmaz

Fatih Yılmaz

Fellow Dr. Yilmaz currently works as a Fellow I in the Climate and Sustainability program. His current research agenda aims to…

Dr. Yilmaz currently works as a Fellow I in the Climate and Sustainability program. His current research agenda aims to enhance our understanding of the financial and economic consequences of the sustainable energy transition and to design effective policies to balance risk and growth prospects.

Prior to joining KAPSARC, Dr. Yilmaz worked as an economist at the Central Bank of the Republic of Turkey, where he was actively involved in the research and the design of policies for the private and banking sectors. He also worked as a consultant for the World Bank and spent a year as an assistant professor of economics at ADA University.

He has authored various academic and policy articles and attended academic conferences and workshops. He holds a Ph.D. in economics from the University of Calgary.

Expertise

  • Sustainable Finance and Investment
  • Applied Banking and Finance
  • Corporate Taxation
  • Public Economics
  • Applied Micro-Econometrics

Publications See all Fatih Yılmaz’s publications

Nawaz Peerbocus

Nawaz Peerbocus

Strategy and Planning Director Nawaz was the Strategy and Planning Director at KAPSARC. He was previously the program director for Energy Transitions and Electric…

Nawaz was the Strategy and Planning Director at KAPSARC. He was previously the program director for Energy Transitions and Electric Power. Before joining KAPSARC, he was the Chief Economist at the Saudi Electricity Company (SEC) where he led the strategic transformation project and advised on strategic planning issues. Before SEC, Nawaz was director of Market Strategy at Enbala and senior economist at the Ontario Independent Electricity System Operator.

Kelly Sims Gallagher

Kelly Sims Gallagher

Rishikesh Ram

Rishikesh Ram

Kaliappa Kalirajan

Kaliappa Kalirajan

Venkatachalam Anbumozhi

Venkatachalam Anbumozhi

Fang Zhang

Fang Zhang

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