Industry support for task group’s report

Siemens Australia has indicated their support behind the findings of the Prime Minister’s Task Group on Energy Efficiency report released in October. The report proposes incentives for businesses to make energy efficiency savings and lift economic productivity.

Siemens CEO, Albert Goller said the report directly underpins the Siemens Picture the Future: Energy blueprint developed to set a direction for energy in Australia through to 2030, identifying energy efficiency and smart grid technologies as key findings.

“We congratulate the Prime Minister’s Task Group for their comprehensive set of recommendations and we see this as a direct response to our Picture the Future blueprintthat calls for greater innovation in the energy efficiency sector and advancement in smart grid technologies,” Mr Goller said.

The proposed energy efficiency reforms in the Prime Minister’s task group’s report represent significant incentives for businesses undertaking energy efficiency projects and will provide a much needed boost to the energy efficiency sector in Australia.

“Most businesses recognise that energy efficiency makes good business sense. For most businesses though, core-business expenditure has taken priority over expenditure needed to improve energy efficiency upgrades,” Mr Goller said.

“Further incentives will encourage businesses to place energy efficiency high on the agenda, which will ultimately mean businesses will increase their profitability, thereby making Australia a stronger player in the global market.

“Early adopters of energy efficiency reform will be greatly advantaged if energy prices rise or if a carbon economy comes into effect,” Mr Goller said.

The report also indicated that improved energy efficiency of the economy will effectively offset any increase in costs brought about by the introduction of a carbon price.

”Siemens sees the benefits of introducing a carbon price in Australia. The report demonstrates that energy efficiency improvements may assist in cancelling out the cost of a carbon price. This is a positive sign for Australia and could give us a competitive advantage against the rest of the world,” Mr Goller said.

Origin Energy also welcomed the release of the report.

Origin executive general manager, policy and sustainability, Carl McCamish said Australia needed to use energy more efficiently, develop zero-carbon renewable power technologies and shift gradually away from a reliance on coal for baseload power for Australia to deliver on its bipartisan target of a 5 per cent emissions reduction on 2000 levels by 2020.

“A carbon price should be the core policy instrument to meet these goals because it contributes to all three of them and leaves it to companies and individuals to find the least-cost, most flexible ways to reduce their emissions,” Mr McCamish said.

“Action on energy efficiency and renewable energy are important complementary measures. We need long-term, national policy in these three areas that will bring forward sustainable long-term investment.

“The call in the Task Group paper for national governance of energy efficiency rather than un-co-ordinated small-scale state-based action, is very positive. It helps provide the basis for a co-ordinated national policy of measures built around a carbon price,” Mr McCamish said.