Country:Belgium
Year:2004
Policy status:In Force
Date Effective:2004
Policy Type:Voluntary Approaches>Negotiated Agreements (Public-private sector)
Energy Efficiency Policy Targets:Industry, Industrial subsectors, Cross-industry
Energy Efficiency Description:On 29 November 2002, the Government of Flanders approved the draft Benchmarking Covenant on energy efficiency with large, energy-intensive companies (companies with an annual consumption of at least 0.5 PJ and companies which fall under the European directive on trading emission allowances). They are based on benchmarking and on commitment to bring their energy efficiency up to international best practice by 2012. 180 companies joined the benchmarking covenant. On 25 December 2004, the Government of Flanders approved in a first stage the audit covenant for medium-sized, energy-intensive companies (companies that have an annual primary energy use of at least 0.1 PJ and less than 0.5 PJ). The companies that will sign the covenant, will undertake the obligation to carry out an audit to determine their energy saving potential and to carry out in a first round investments for which the pay back period is approximately 5 years or less (internal rate of interest at least 15%). In a second round, investments with an internal rate of interest of at least 13,5% must be carried out.
Climate Change Description:On 29 November 2002, the Government of Flanders approved the draft Benchmarking Covenant on energy efficiency with large, energy-intensive companies (companies with an annual consumption of at least 0.5 PJ and companies which fall under the European directive on trading emission allowances). They are based on benchmarking and on commitment to bring their energy efficiency up to international best practice by 2012. 180 companies joined the benchmarking covenant. On 25 December 2004, the Government of Flanders approved in a first stage the audit covenant for medium-sized, energy-intensive companies (companies that have an annual primary energy use of at least 0.1 PJ and less than 0.5 PJ). The companies that will sign the covenant, will undertake the obligation to carry out an audit to determine their energy saving potential and to carry out in a first round investments for which the pay back period is approximately 5 years or less (internal rate of interest at least 15%). In a second round, investments with an internal rate of interest of at least 13,5% must be carried out.

Last modified: Mon, 02 Apr 2012 15:52:56 CEST