Iran belongs to the top ten greenhouse gases emitting countries in the world and the Iranian economy is the most energy intensive of all oil and gas producing nations. Domestic energy tariffs are set by administrative decree far below export market prices. Over the last decade, the energy productivity in Iran declined further. Iranian policy makers are aware of the need to the increase energy efficiency (EE) of the economy.
Recently passed laws set economic incentives for energy savings. Because the implementation mechanism is still to be developed no such investment projects have yet been implemented. The project supports the practical implementation of an integrated energy efficiency market to enable significant RE investments. Such a functioning mechanism could foster the implementation of Iran’s NDC and even raise the ambitions of policy makers.
Link to project website www.ireema.com