Saturday, November 29, 2008

Fixing the Floor in the ETS: the role of energy efficiency in reducing Australia’s emissions

This paper isn't about sealing the gaps around your skirting boards. Its about how sealing the gaps around your skirting boards, and implementing other energy efficiency measures in your home, could make a meaningful contribution to greenhouse gas abatement via a modified CPRS.

Dr Richard Denniss, director of the Australia Institute policy think tank, says that the CPRS does not reward energy efficiency, making it futile for home owners or small businesses to invest in tackling climate change.

"No one wants to hear this policy home truth - its like farting in the elevator, " Dr Dennis said.

He argues that Australia needs to develop a secondary market to assign a value for for household and small business energy savings and make them count as part of a national effort to cut greenhouse emissions.

Read the full research paper here.

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