A US initiative has been launched to standardise data on energy efficiency in buildings so that investors, building owners and developers can amalgamate, share and analyse data in a common format. What’s more, its adoption is being made easy and free.
The purpose of developing a common language is ultimately to create a marketable financial product that enables investors and building portfolio owners to compare the relative benefits of investing in energy efficiency projects in different buildings or portfolios of buildings.
The “Building Button” Specification is an initiative of the Investor Confidence Project (ICP), and applies to commercial and multifamily occupancy buildings. It is applicable in three contexts: technical due diligence, financial underwriting and actuarial data.
The specification will allow any organisation to share project data across platforms to reduce underwriting costs, build confidence in energy savings and ultimately drive greater market demand for energy efficiency.
The specification is for a standard XML dataset, and is based upon the US Department of Energy’s Lawrence Berkeley National Laboratory’s (LBNL) Building Energy Data Exchange Specification (BEDES) for a building energy efficiency retrofit…(continues)
SOURCE: David Thorpe, “A common language for energy efficiency could encourage investment”, The Fifth Estate, 08 march 2017
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