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Change in building-sector energy end-use; energy efficiencies could slash emissions by 30 per cent to 35 per cent

Posted by gmarkets on 20 September, 2007

A landmark report, com­missioned in a collaboration between key players in property, state and federal government departments, under the umbrella of the Australian Sustainable Built Environment Council, estimated the key parts of the built environment contribute 23 per cent of greenhou­ses gases in their operation, reported The Australian Financial Review (17/9/2007, p.62). Efficiency measures could cut GHG by 35pc: However, energy efficiencies could slash those emissions by 30 per cent to 35 per cent, the report said, cutting the cost of recom­mended greenhouse gas abatement by about $38 billion and easing emissions stress in the economy. The built environment contributes 23 per cent of greenhouse gasses; energy efficiencies in buildings can cut those greenhouse emissions 35 per cent, the report said.

Even larger reductions possible? ASBEC president Caroline Pidcock said the results indicated the potential savings in greenhouse emissions, and the potential for energy use to be slashed in half by 2030 and by 70 per cent by 2050. Basic energy efficiencies alone can wipe 30 to 35 per cent off greenhouse gasses by 2050 — even including all projected growth in stock, the report said. However, founder of the Green Building Council, Lincolne Scott and its managing director Che Wall, said the assessment of the building environment’s GHG emissions in the report was significantly lower than the one made by the Stern Report on Climate Change and that much bigger emissions savings than 30 to 35 per cent were already possible and demonstrated in sev­eral existing buildings.

Centre for International Economics writes report: The report, ‘Capitalising on the building sector’s potential to lessen the costs of a broad based CHG emissions cut’, was prepared by the Centre for International Economics and endorsed by the Royal Australian Institute of Architects and others.

The Australian Financial Review, 17/9/2007, p. 62

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