A Third Paradigm: Energy Efficiency Voluntary Agreements as a Means to Accelerate Savings and Protect Innovation
4:00 pm - 5:15 pm
<strong>SPEAKERS:</strong> <strong>Doug Johnson</strong>, Vice President, Technology Policy, Consumer Technology Association
<strong>DESCRIPTION:</strong> Regulatory standards and voluntary programs for energy efficiency have been in place in some regions for decades. In recent years, parties around the world have developed a third approach or paradigm – the voluntary agreement – in which industry segments, sometimes in alliance with government and advocacy groups, agree to achieve specified and potentially evolving goals while allowing flexibility for innovation and alternative approaches. Can such agreements really deliver faster, less costly results than traditional regulation? Are voluntary agreements appropriate only for rapidly-changing industries? What are the advantages or disadvantages for regions that pursue voluntary agreements in lieu of regulation?