Lack of Standards and Regulations

Energy efficiency measures are often subject to building standards and codes. But these standards frequently fail to adapt to the rapidly changing and evolving technologies. Thus, developers are cautious when it comes to implementing energy efficiency solutions, which are not explicitly recognized by licensing bodies in the construction sector. Over-regulation is also an issue when it comes to certifying deployed energy efficiency solutions with transaction costs often surpassing the perceived benefits of energy efficiency improvements. Hence, households and SMEs could be put off by administrative barriers to certification, when considering whether to invest in energy efficiency.