The main objective of this paper is to present the advantages of using
Cost-Benefit analysis in energy efficiency projects implemented in public
buildings, and to prove the hypothesis that Cost-Benefit analysis boosts the
effectiveness and efficiency of the said type of projects. The paper offers
theoretical and practical explanation of the implementation of Cost-Benefit
analysis in the relevant area. Since energy efficiency projects in public
buildings usually represent a part of a broader portfolio of similar projects
and their implementation demands allocation of substantial financial
resources, communities are often be interested in achieving maximal economic
and non-economic benefits. This paper aims to demonstrate that Cost-Benefit
analysis can represent an excellent contribution when attempting to select
the projects for implementation within a broader portfolio of energy
efficiency projects in public buildings. This hypothesis was demonstrated by
putting a greater emphasis on non-economic benefits and the costs arising
from implementation of the aforementioned types of projects. In addition, a
practical test of this hypothesis was performed through the implementation of
an energy efficiency portfolio in public buildings, worth several tens of
millions of dollars - the Serbian Energy Efficiency Project. The paper
concludes that the use of Cost-Benefit analysis can help us to effectively
evaluate and manage projects of this type aimed at achieving maximum benefits
for the community in question.
Modes of governance for municipal energy efficiency services – The case of LED street lighting in Germany
