Australia’s domestic life is heading toward the abolition of excessive power consumption by adopting ‘Global Energy Efficiency Standards’ to practice restraints on production and discharge of power. Common households will be able to bring down the cost of daily electricity usage by saving up to $800 dollars annually.
As part of Australia’s efforts to comply with ‘Global Energy Efficiency Standards’ while making notable enhancements in their power-saving infrastructure, Australian households and businesses can now save up to $7.7 Billion dollars a year in total on power bills as well as reduce green house emissions to one-third, recently commissioned in a report.
In a fresh report by ‘Energy Efficiency Council’ came forth on Wednesday has disclosed Australia’s plans and efficiency in meeting all its obligations on cutting down greenhouse gas emissions halfway to its Paris Agreement target, by 26-30 percent by 2030. It could only be possible by adopting existing global practices on energy efficiency.
From home appliances to cars and water heaters, result-oriented overseas policies comprises fortification of energy-efficiency practices to ensure the smooth flow of consumer-centric energy saving solutions while enabling businesses to cut their power consumption bills.
The new report has found that found Australia is getting closure to meet its emission targets and fight against the alarming changes in the global climate. The report has disclosed that incorporating the exact measures adopted by Germany would reduce the emissions and allow Australian households to save a considerable amount of more than $700 dollars a year.
Will this new development boost the employment rate in Australia?
It will generate a massive employment opportunity with 70,000 extra full-time equivalent jobs in multiple domains ranging from plumbing to engineering – as houses and businesses today are equipped with heavy boilers, draught-sealing, and new lights while factories invest in efficient equipments.
A YouGov survey projected by the ECC has revealed that ‘investing time and efforts in energy efficiency’ is one of the most popular politically-motivated steps that the Government can take to fight against the imbalance in the climate – with massive support of both labor and coalition voters.
According to the ECC Head of Policy Rob Murray-Leach, Australia is nowhere close to achieving its initial target of 40% increase in energy efficiency by 2030. From 2015, Australia performed poorly on the issue with an average growth of 0.7% a year. The figure is likely to stay below the 2.3% rate needed.