The Energy Savings Certificates (CAE) System in Spain: Origins, Stakeholders, and ProcessThe Energy Savings Certificates (ESC System or CAE System in Spain) is a mechanism that incentivizes companies in Spain to invest in energy efficiency under government oversight. It functions by issuing electronic certificates (ESC), which verify the final energy savings achieved after implementing an energy efficiency performance. Additionally, it involves the establishment of a new economically relevant market for trading these instruments with third parties.Read more
