PM's energy efficiency blueprint welcomed Media Release

Oct 08, 2010 - 1:30pm

The Climate Institute today welcomed the recommendations of the Prime Minister’s Task Group on Energy Efficiency, including its emphasis on the need for a price on pollution. The Institute urged the Government to fast-track the implementation of the proposed national energy savings initiative as the key mechanism to deliver a step change in energy savings for Australian households and business.  

“The Task Group’s report provides a welcome blueprint for helping Australian households and businesses reduce their energy bills, and contribute to national efforts to reduce the economy’s dependence on pollution,” said Erwin Jackson, The Climate Institute’s Deputy CEO.

“Australia’s energy efficiency efforts lag well behind our key trading partners. Improving energy efficiency, across all sectors of the economy, is long overdue and critical to ensure the long-term global competitiveness and productivity of a range of sectors from manufacturing to mining.” 

“Strong energy efficiency policies could deliver financial savings to households and businesses as well as sparking investment, innovation and job creation,” he said.

The central mechanism proposed by the Task Group to deliver a step change in energy efficiency is a national energy savings initiative, which would set a mandatory energy savings obligation to incentivise investments in energy efficiency. The Task Group estimates this initiative would reduce household energy bills by as much as $296 a year and save up to $12 billion through deferred infrastructure costs.   

“The proposed energy savings initiative is critical to success on energy efficiency and meeting the Government’s previous commitment to put Australia at the forefront of OECD energy efficiency improvement. Without this kind of mechanism, Australian households and businesses will not see a step change improvement in energy savings.” 

Importantly the Task Group notes that a price-tag on pollution is key to ensuring Australia meets its pollution reduction targets of up to 25 percent off 2000 levels by 2020.  

“Energy efficiency is a key piece of the pollution and climate action jigsaw. Australia also needs to put a price-tag on pollution if we are to have a credible plan to reduce still rising pollution,” said Mr Jackson.

The Climate Institute urges the Federal Government to move quickly on the detailed design on the energy savings initiative, as it should be in place ahead of the 2012 timeline proposed by the Task Group.  

For further information: 
Will McGoldrick  |  Policy and Research Manager, The Climate Institute  |   0415 043 696  
Harriet Binet  |  Communications Director, The Climate Institute  |   02 8239 6299
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