Amongst the methodologies is the International Performance Measurement and Verification Protocol (IPMVP)- The “world’s paramount M&V protocol”
Decarbonization is increasingly vital in the fight against climate change, encompassing the adoption of energy-efficient measures, strategic planning, and equipment upgrades. Financial institutions are under growing pressure to align with climate-related recommendations and initiatives, compelled by societal demands and regulatory mandates. Decarbonization not only aids in achieving greenhouse gas reduction targets but also facilitates compliance with environmental, social, and governance (ESG) standards, making institutions more appealing to investors and aligned with global sustainability objectives.
Accurately assessing energy savings and emissions reductions is paramount for measuring and verifying the impact of decarbonization, instilling confidence in reported data and enabling effective risk management. EVO's newly released white paper, titled "What Financial Institutions Need to Consider for Measuring and Monitoring the Decarbonization Impact of Energy Efficiency Loans," provides guidance for financial institutions on measuring decarbonization in energy efficiency investments, protocol selection, and the significance of monitoring the climate change impact in loan operations.
Among the methods highlighted is EVO's IPMVP protocols. Energy@Work has had a great experience using IPMVP’s M&V protocols and can attest to the effectiveness. Notably, during the pandemic, we were able to quantify 16,000,000 kWh in savings, which were verified by the Toronto Hydro Electric System.
