The savings opportunities are equivalent to:
4.7 Mt CO2-e per year; or
annual emissions produced by nearly 700,000 average residential homes; or
annual emissions produced by just over 1 million passenger vehicles.
The findings come as COAG meets and commits to strengthen energy efficiency standards for commercial buildings as part of a National Energy Efficiency Strategy.
Energetics said that the findings show the need for government to keep a strong focus on new measures and incentives in industrial energy efficiency. Working with large users of energy will deliver the biggest
results for Australia. From approximately 215 corporations liable to report under the EEO legislation, Energetics has analysed the first 165 Energy Efficiency Opportunities (EEO) program public reports submitted.
Energetics’ report found that energy efficiency opportunities are encouraging, but that savings identified fall short of suggested energy efficiency opportunities that have been reported in other Australian and international studies.
Findings from the report were:
The 215 participating corporations’ estimated energy consumption equates to around 57% of Australia’s total energy use.
The 165 corporations covered by this analysis consume 45% of national energy use.
Australia's estimated total business cost of energy use is more than $20 billion per year.
Energetics would be pleased to provide more comment on the EEO report. Please contact the marketing team on 02 9929 3911 for further information.