New IEA report highlights Australia's untapped energy efficiency potential

Published:

A NEW International Energy Agency (IEA) report highlights the massive potential of energy efficiency to create jobs, cut bills and address climate change, but Australia can do much more to seize this opportunity, according to the Energy Efficiency Council.

The 10 recommendations, published by national leaders, ministers, top business executives and prominent energy experts that make up the Global Commission for Urgent Action on Energy Efficiency, show how energy efficiency can play a central role in fixing the social and economic damage of the COVID-19 crisis.

"A major drive to improve the energy efficiency of homes and businesses could create 120,000 job years of employment in Australia, while reducing cost-of-living pressures for businesses and households," said Luke Menzel, CEO, Energy Efficiency Council.

"Action on energy efficiency would immediately help those most affected by the economic impacts of COVID-19, including financially stressed households and businesses, and workers seeking new opportunities.

"However, in 2018 Australia was ranked the world's worst performing developed country on energy efficiency. We must do better and seize this moment so that we can create thousands of jobs, lower energy bills, and slash emissions," said Mr Menzel.

Over the last month, multiple joint statements – including organisations as diverse as the Australian Council of Social Service, the Property Council of Australia, Australian Industry Group, the Business Council of Australia and Australian Council of Trade Unions – have called for state and Federal Governments to put energy efficiency at the heart of stimulus measures.

"There is near-universal support for energy efficiency as a key stimulus measure because projects can roll out rapidly, deliver a long term productivity dividend, slash emissions and are highly job intensive," said Mr Menzel.

"The Global Commission has called on governments around the world to show leadership, upgrading their own schools, hospitals and other public to save taxpayers money and create jobs straight away.

"Global experts have given us a plan. Now we need state and federal governments to invest at a speed and scale that matches the magnitude of the economic challenge ahead of us," said Mr Menzel.

 
Australian Government Business Business & Economy Energy & Water Environment Political Queensland Government
Social:   

Privately Submitted Article or Event :
See Above Article or Event for Address, Sunshine Coast Wide
Privately Submitted Article or Event
Showing 10+ recent articles for this business
Swimart Currimundi gifts special needs cargo bike to local school 24 June 2020 | Inclusive design helps Currimundi Special School students develop essential life skills. More information...
Queensland Airbnb guests hit the road to support Sunshine Coast tourism industry 02 July 2020 | Cafes, shops and restaurants across the Sunshine Coast are welcoming Airbnb guests back through their doors as Queenslanders drive a domestic tourism resurgence in their own backyard. More information...
Almost half a million Australians have wiped out their super savings 02 July 2020 | Hundreds of thousands of young Australians have wiped out their retirement balances under the government's early release of super scheme, heightening fears the scheme could lead to a future generation left lang... More information...
A stitch in time could save nine, two stitches could save lives 30 June 2020 | The Australian Local Government Association (ALGA) has long called for a $200 million Commonwealth Disaster Mitigation Fund to be established, the same amount nominated by the Australian Productivity Commission in... More information...
Team Girls building strong women of the future through sport 30 June 2020 | Sport Australia and Suncorp are teaming up to build a nation of more confident girls and women through a connection with sport - and the next three years will provide a great opportunity for participation growt... More information...
Google paying for real news is good, but will need to link with crackdown on fake news 26 June 2020 | Reports that Google may begin to pay for news is a positive step, but more is urgently needed to protect journalism in Australia, including tougher measures to prevent the spread of fake news on digital platforms... More information...
Peak body warns against cuts to ABC emergency broadcasting 26 June 2020 | The National Rural Health Alliance, the peak body for rural health in Australia, is concerned about proposed changes to the ABC's emergency broadcasting division. More information...
Queenslanders want the super to go up 26 June 2020 | Two out of three Queenslanders have backed the plan to increase the super rate, a new poll reveals. More information...
Future education of 18k+ students at risk 25 June 2020 | Planned cuts by Lutheran Education Queensland (LEQ) to working conditions of the staff in its 26 schools will put quality education for 18K+ students at risk, according to the union representing employees. More information...
CO2CRC welcomes bipartisan support for Carbon Capture and Storage 24 June 2020 | CO2CRC welcomes Federal Labor's support for carbon capture and storage (CCS) as a key technology for reducing Australia's carbon emissions while maintaining economic prosperity. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service