| A report by the Prime Minister’s Task Group on Energy Efficiency (July 2010) emphasised the need for improved energy efficiency as a response to climate change to ensure a reduction in greenhouse gas emissions from energy consumption in Australia. However, empirical evidence on energy efficiency and its effect on energy use in Australia is scarce. Given this, estimates of the magnitude of the autonomous energy efficiency improvement parameter and the bias in technological change in Australia’s agricultural and industrial sectors have been made, using statistical and econometric techniques. The strong interaction prevailing between capital use and energy productivity in many industries indicates that energy use efficiency may be augmented by optimising... |
