In the market for an energy efficiency boost

Energy efficiency, almost by accident, has helped drive energy demand well below forecasts across the globe. But we must now create an energy efficiency market to maximise the benefits it can offer.

Energy efficiency is set to make a significant contribution to mitigating climate change even without enabling policies. A recently released CEDA report Australia’s Energy Options: policy choice not economic inevitability recommended that efforts to incentivise energy efficiency should be integrated into Australia’s clean energy policies.

A new approach is certainly needed. The Energy White Paper estimates that, by 2020, the Australian government will have provided $37 billion in direct support, and via market subsidies, to clean energy development and deployment.

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