Energy efficiency

ClimateWorks partners with government and business to identify opportunities to improve energy efficiency in the built environment, industry and transport. These opportunities focus on existing technologies and best practice process improvements. Typically, energy efficiency delivers financial savings to businesses and households, even after taking account of any upfront costs.

Investing in energy efficiency can deliver substantial economic benefits for all Australians. Despite this, many energy efficiency opportunities are not expected to be taken up under business-as-usual. A range of barriers currently prevent their capture, including constraints on the availability of capital for energy efficiency projects, a lack of information or skills, or market barriers such as the tenant/landlord 'split incentive'.  

We seek to work with partners to find solutions that address these barriers, to ensure we can all benefit from the transition to a low carbon economy.

Key opportunities include:

  • Improving the energy efficiency of Australia's commercial buildings could save $2.3 billion per year across the national economy, while cutting emissions by 23 million tonnes per year
  • Purchasing high efficiency appliances at the time of natural replacement can cut household energy bills by $471 million per year while saving over 2 million tonnes of emissions per year
  • Improving the energy efficiency of industrial processes and equipment across Australia can deliver 23.9 million tonnes of emissions savings every year, while saving businesses $1.7 billion

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Projects in this sector:

Energy Productivity Index for Companies

Energy productivity and efficiency have traditionally been low visibility issues for investors. But a world-first global energy productivity benchmark for listed companies developed by ClimateWorks could change this.

Zero Carbon Buildings: Policy Roadmap

A report prepared by ClimateWorks Australia for the Australian Sustainable Built Environment Council (ASBEC) explores the profound and cost-effective emissions reductions opportunities presented by Australia’s built environment.

2050pathways.net.au

ClimateWorks' Pathways to a Low Carbon Future website is designed to be a fun and accessible introduction to the very comprehensive energy, emissions and economic modelling that ClimateWorks undertook in partnership with ANU, CSIRO and Victoria University.

Australia's Energy Productivity Potential

Energy is a fundamental input to any modern economy, and governments around the world are taking steps to ensure that energy - like labour, capital and other economic inputs - is used productively. ClimateWorks’ new report - Australia’s Energy Productivity Potential - shows that Australia could nearly double its energy productivity by 2030 by investing in the modernisation of our energy system and taking advantage of recent technological developments.
Industrial Energy Efficiency

Energy Management and Company Competitiveness

Energy is now becoming an important variable cost that impacts on profits. This report outlines a methodology to assist companies in gaining a deeper understanding of energy risks and the opportunities associated with improved energy performance.
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Pathways to Deep Decarbonisation in 2050: How Australia can prosper in a low carbon world

The Pathways to Deep Decarbonisation in 2050: How Australia can prosper in a low carbon world report presents an illustrative deep decarbonisation pathway for Australia. This work finds that Australia can achieve net zero emissions by 2050 and live within its recommended carbon budget, using technologies that exist today, while maintaining economic prosperity

BetterBuildingFinance.com.au

BetterBuildingFinance.com.au is a joint initiative of ClimateWorks Australia and Sustainable Melbourne Fund. The website provides a simple, business-friendly resource for building owners, tenants and service providers that allows them to compare the advantages of using Environmental Upgrade Finance over traditional financing options for building upgrades.

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