Business opportunity to contribute to future energy policy
Business can make a submission in response to the Department of Industry’s Energy White Paper Issues Paper by 6 February, 2014.
Within the White Paper there are some compelling facts about energy efficiency. Some of the benefits delivered by energy efficiency include:
A 1% improvement in energy efficiency would boost GDP by 0.1 of a percentage point (a 4% increase on existing GDP) and generate an additional $8 billion by 2020 (Vivid Economics)
The opportunities for energy efficiency improvements extend across all sectors of our economy. Activities to specifically assist large energy users such as the EEO program, have a commensurately large impact on Australia’s energy use profile. To this point, between 2006 and 2011, large energy users participating in the EEO program reported energy savings of over 5%, representing almost 1.5% of Australia’s total energy use, and delivering net financial savings of over $800 million per year.
As the resources sector swings from construction to operation, increased focus is being placed on reducing the cost of production. Reducing energy costs per unit of production is important for all sectors (resources, industrial, buildings).
As the Minister for Industry, the Hon Ian Macfarlane, stated recently, “Extracting better value out of the energy we produce and use can play a key part in driving the future growth of the economy, as well as contribute significantly to abatement”.
Energetics believes that improving energy productivity is critical to Australia’s broader energy policy framework. Improved energy productivity creates enhanced energy security, lowers business risk and improves environmental outcomes, including a significant contribution to Australia’s efforts to reach bipartisan CO2 emissions reduction goals. We recommend that you participate in the Energy White Paper process which the government has recently announced to set a direction for Australia’s broader energy policy.
Energetics can provide assistance to businesses developing their response to the Energy White paper.