Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Energy efficiency measures crucial to meeting climate commitments but more action needed

share with twitter share with LinkedIn share with facebook
09/17/2020 | 02:40am EDT

Green Building Council of Australia (GBCA) welcomes the Australian Government's announcement today of $52.2 million in funding to increase the energy productivity of Australia's buildings as a step in the right direction while urging more action to reduce emissions.

GBCA CEO Davina Rooney said energy efficiency measures are one of the most cost-effective emissions reduction investments governments can make.

'Meeting the global commitment to achieve net zero carbon emissions by 2050 means we need more investment in measures that address both the demand and supply side of the energy equation,' Ms Rooney said.

'This new funding to improve the energy productivity of Australian homes and businesses is very welcome and something we have long been advocating for.'

Ms Rooney applauded the continued funding for the Australian Renewable Energy Agency (ARENA) but encouraged the Government to realise the full potential from its plans to expand the remit of ARENA and the Clean Energy Finance Corporation (CEFC).

'During the legislative process to update the mandates for ARENA and the CEFC we encourage the government to also strengthen the role these agencies can play in delivering emissions abatement through energy efficiency.

'While today's announcements are headed in the right direction and support for more low emissions technology development is important, other policies and measures will be needed to drive the shift to a low emissions economy.

'We hope to see the Australian Government supporting more of the initiatives that industry has called for, from a uniform energy rating system for homes, to stronger, more robust appliance standards.

'The built environment offers tremendous opportunities to achieve the dual objectives of job creation and emissions reductions.

'Our joint report with the Property Council, Every Building Counts,highlighted how this can be done most effectively and at lowest cost in partnership with industry.

'We need to raise the bar at scale and across the board if we are going to make a real dent in the 23% of Australia's emissions that come from our built environment. It is no longer enough for leading companies and households to do all the heavy lifting.

'The Australian Government's support for community organisations in particular to lower their energy bills through building performance upgrades recognises this need and we urge them to continue further down this path.'

Disclaimer

Green Building Council of Australia published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 06:39:05 UTC

share with twitter share with LinkedIn share with facebook
Latest news "Companies"
05:59pCORSAIR GAMING : No Competition – Introducing the CORSAIR K100 RGB Gaming Keyboard
AQ
05:59pNo Competition – Introducing the CORSAIR K100 RGB Gaming Keyboard
GL
05:55pFULTON FINANCIAL : HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Fulton Financial (FULT) Investors with Losses to Contact Its Attorneys, SEC Finds Company Violated Securities Laws
PR
05:55pAMEREN MISSOURI : Announces Pricing of Green First Mortgage Bonds Offering due 2051
PR
05:55pSEC FILING : Form F3
PU
05:55pCOMPANHIA SIDERÚRGICA NACIONAL : 3Q20 Earnings Release Schedule
PU
05:53pBillionaire Charles Ergen-backed blank-check firm aims to raise $1 bln in IPO
RE
05:51pOptions investor makes big bets on Nasdaq's popular 'FANG' stocks
RE
05:50pHouse Democrats discuss tougher antitrust law, some Republicans agree
RE
05:50pCRISPR THERAPEUTICS : Corporate Presentation
PU
Latest news "Companies"