About the industry
Energy efficiency is one of the most cost-effective ways to reduce greenhouse gas emissions and energy costs. It is the achievement of water heating, space heating, space cooling, lighting, cooking and lifestyle needs with less energy than otherwise used.
A `no regrets’ strategy, energy efficiency provides environmental benefits while saving money and is essential to cap greenhouse gas emissions. Energy efficiency includes the adoption of Minimum Energy Performance Standards (MEPS) for appliances, correct passive building design techniques, active energy control devices, innovative air conditioning systems, optimised building management systems and the use of insulation, shading and thermal mass.
The Renewable Energy Industry
The renewable energy industry in Australia is diverse and includes bulk electricity generation from wind, biomass and hydro power as well as photovoltaics, solar hot water and remote area power systems (RAPS). The industry holds immense potential, not only for delivering significant environmental benefits, namely reducing greenhouse gas emissions, but also of providing substantial economic and employment benefits.
To help the industry realise this potential a Renewable Energy Action Agenda (REAA) has been developed by the Commonwealth Government in consultation with industry. The REAA encompasses a number of strategies and actions, aimed at reaching the overall goal of achieving a `sustainable and internationally competitive renewable energy industry which has annual sales of $4 billion by 2010′. Under the REAA renewable energy has been classified into two distinct areas; bulk power generation and the sale of renewable products and services.