White certificates: the effects of the 2021 guidelines

The paper presented at the 2022 ECEEE summer study international conference on white certificates. It follows previous works available on this website and aims to summarising the effects of the 2021 guidelines on the scheme. Why am I publishing it on my blog after one year? Well, I was too busy to do it last June and then I forgot… Better late than never, and in any case not much has changed in the meantime. 2022 has not been a good year for white certificates. 2023 will perhaps get some better, judging by the first six months. But this will be… in a future paper! 😉

The Italian White Certificates scheme (WhC) was introduced in 2001 and has been effectively working since 2005. It has been characterised by the coverage of all sectors and energy efficiency solutions, and many flexibility options in place (e.g. non-obliged – a.k.a eligible – parties, tradable market for white certificates, bankability, flexibility on obliged parties targets, etc.).

With more than 29 million tonnes of oil equivalent (toe) of energy savings cumulated by the end of 2021, it has considerably contributed to the national energy efficiency targets.

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