Australia's building sector could cut the projected price of carbon trading permits by 14 per cent – and generate annual savings of $38 billion by 2050 – with energy efficiency measures that complement the federal government's proposed carbon pollution reduction scheme (CPRS), says a new report commissioned by a cross section of peak building industry and environment groups.
'The Second Plank – Building a Low Carbon Economy with Energy Efficient Buildings' report was commissioned by the Australian Sustainable Built Environment Council's (ASBEC) Climate Change Task Group in response to the CPRS Green Paper. The report provides an economic analysis of the greater benefits that energy efficiency measures for buildings can deliver, with a policy mix offering better incentives for the building sector to invest more resources to increase energy efficiency.
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