Australia has joined a global pact for energy efficiency, with proposals to develop an action plan that focuses on best-practise policies and key principles for stronger and faster energy-efficiency results.

Australia is now committed to playing its part in achieving net-zero emissions by 2050, issuing a joint statement with 25 other countries raising awareness of the role that energy efficiency plays in wake of the current global energy challenges.

The pact was organised by the International Energy Agency (IEA), in Sønderborg, Denmark, as part of the Global Conference on Energy Efficiency, 2022.

A key result of the pact is a joint statement, signed alongside France, Germany, Japan, Mexico, Senegal and the United States, which emphasises the need for immediate energy efficiency solutions amid rising inflation, issues with energy supplies and greenhouse gas emissions, as “the current scale of energy efficiency action is not sufficient and there is a need to accelerate implementation on a global level.”

“Energy efficiency is particularly important in this decade, offering opportunities to reduce emissions quickly as well as reducing the overall investment requirements of net zero goals and making our net zero goals more achievable,” it states.

Along with the joint statement, an action plan was released which highlights why faster action on energy efficiency is needed.

“The current challenges regarding energy security, energy prices and the cost of living have intersected with the climate crisis to remind us that energy efficiency is more indispensable than ever.”

Click here to view the full International Energy Agency (IEA) report.

The new action plan will provide a useful outline for global governments to utilise on their mission to bring down greenhouse gas emissions with the goal achieving net-zero by 2050.

The new plan models itself on a net-zero 2050 scenario, which would result in the global energy output decreasing by one-third in 2030. The plan will aim to prevent 95 EJ a year by 2030, a much larger outcome than that of the current energy efficiency policy.

A key focus of the new model is on the energy output of buildings, with the goal to implement more energy-efficient building equipment like Heating, Ventilation, and Air-Conditioning (HVAC).

According to the report, the energy consumption of buildings should decrease by 20% by the end of the decade.

‘This is due to a combination of measures including replacing fossil fuel boilers with electric heat pumps and a major effort to replace the traditional use of solid biomass – such as wood and charcoal for cooking – with more efficient and cleaner alternatives,’ it reads.

The new statement is an important reminder of the urgancy of solving today’s energy issues with the focus on a net-zero future. The joint statement calls on governments and industries from around the world to strengthen their current energy efficiency policies.

How Conservia can help

As one of the country’s most committed environmental sustainability companies, Conservia is committed to playing a part in the solution. Investing in energy efficiency practices is required in order to transform Australia and the world into net zero emissions by 2050.

Our collaborative partnership with our clients will identify the most cost-effective and efficient sustainable practices, focusing on reducing carbon emissions to achieve net zero. Contact us today to begin your journey towards net zero.

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