Australia’s Equipment Energy Efficiencey (E3) Program sought to reduce energy consumption through mandating the use of energy labeling and efficiency standards for household and business appliances. A recent analysis of the program showed that the requirements resulted in a reduction of 13.5 million tonnes of greenhouse gas emissions. The study also estimates that the program savings are around three times greater than the program costs. A program that reduces greenhouse gas emissions and saves money is a win-win situation. The report recommends that the program be expanded by requiring more appliances to use energy labeling.
The latest review of Australia’s energy-saving appliance scheme has delivered a rare trifecta: a good news story for the economy, the community and the environment.
According to my estimates from data in the Department of Industry review, the value of energy saved in Australia last year alone was around A$3.2 billion. Of this, some A$2.7 billion was saved by households.
The Equipment Energy Efficiency (E3) program aims to reduce energy use by household and business appliances, through the use of energy labels and enforceable standards for energy use.