Australia’s built environment sector offers enormous potential to reduce emissions while reaping financial and energy savings, through improving building energy efficiency and investing in renewable energy generation.
Currently, our built environment accounts for almost one quarter of our national emissions. In some areas of the built environment, Australia lacks best practice policies including minimum energy efficiency standards. This, along with a lack of awareness of potential benefits, has created barriers to reducing our building emissions.
A report by ClimateWorks for the Australian Sustainable Built Environment Council, Low Carbon, High Performance Buildings found:
Even before technological breakthroughs, cost-effective energy efficiency can reduce projected 2050 emissions from buildings by more than half
Implementing all energy efficiency opportunities identified in the report could deliver almost $20 billion in financial savings by 2030. These improvements would also bring a range of health and social benefits for Australian businesses and households
Furthermore, buildings could also meet over half the national energy productivity target, and more than one quarter of Australia’s national emissions
ClimateWorks is partnering with leaders in the built environment sector as well as government to help remove barriers to improving energy efficiency in buildings, and to support investment in renewable energy generation, along with other measures to help Australia’s built environment sector reach its full potential in reducing emissions. ClimateWorks is also working to overcome barriers to energy efficiency in buildings internationally, including in South East Asia through an 'Indonesia-Australia Incubator for Improving Energy Performance in Buildings project'.