The International Energy Agency (IEA) has praised the Federal Government’s Energy Efficiency Opportunities (EEIO Program, describing it as a successful example of how government policy can work with industry to reduce energy use.

 

The IEA’s  Energy Management Programmes for Industry: Gaining through Savings report identifies the policy framework as global best practice in reduce energy consumption.

 

“The IEA considers energy efficiency as the most cost effective option in the short to medium term to reduce global emissions,” IAE Executive Director, Maria van der Hoeven said.

 

“Australia’s EEO Program provides a leading-edge example of how best to reduce energy use and improve energy management systems.”

 

The IEA estimated that the program reduced the country’s total greenhouse-gas emissions by an estimated 11.2 Mt/year, or 2 per cent, per year. The scheme is estimated to save an estimated $1.2 billion per year for the involved companies.


The full report can be found here