Energy continues to grow

“Energy efficiency is by far the most cost-effective way to fulfill 3 major energy-related challenges: increase energy security, reduce energy costs and attain a cleaner environment.”

- International Energy Agency (IEA)

Our energy efficiency challenge

• Australia has large quantities of low cost energy (coal/ /gas) = competitive advantage in energy prices

• Business systems & capital decisions based on cheap energy = competitive disadvantage in energy efficiency

BUT

• Increasing demand for clean fuels = global parity pricing

• Coal based electricity more expensive due to C cost

SO

• To protect competitive position businesses must improve EE

Scope to improve EE

ApplicationProcessDistributionConversionFuel

10-20% of original fueldelivers service required

Energy Source

Application Process Distribution Conversion

Abatement cost curve

This greatly underestimates EE savings. Also include savings from:

* Cogeneration/trigeneration* Systems optimisation

* Process change * Materials management/recycling/reuse

Government leadership

Zero energy growth by 2012 – reduce 20% by 2020

• Carbon price plus:

– Investment Incentives

– Demand management

– EE regulation

Our business opportunity

• $25-30B/year spent by business

• $5B/year EE savings = >10% emissions reduction

• $1.5B/year government incentive = increased investment over 5-7 years

• Positive revenue for government

Take Action on EE Now!