Update On The NSW Energy Efficiency Strategy

On 18 June 2008, the NSW Government announced its energy efficiency strategy as having the following three limbs: a NSW economy-wide savings target; revitalisation of the energy efficiency component of the NSW Greenhouse Gas Abatement Scheme (GGAS); and a $150m business, household and NSW agency energy efficiency program.

In terms of the NSW economy-wide savings target, the NSW Government has followed the Commonwealth Government's aspirational target to reduce greenhouse gas emissions to 60% below 2000 levels by 2050. On 27 February 2009, the NSW Government announced an energy efficiency scheme intended to build on the energy efficiency achievements of GGAS. This scheme, to be known as the Energy Savings Scheme, will commence on 1 July 2009 and will continue until 2020 unless replaced by a national scheme.