Antinuclear

Australian news, and some related international items

Success of Australia’s Clean Energy Program

Clean energy grant companies see profits climb, says Department of Industry chief economist, The Age,  Eryk Bagshaw, 26 Mar 17,  “……..a new report from the Department of Industry’s Office of the Chief Economist has found the $1.2 billion Clean Technology Program saw not only gains for Coca Cola, but 547 other projects across Australia, with a 10 per cent reduction in manufacturing emissions.

“Both employment and turnover among these firms grew about 25 per cent faster than similar firms without Clean Tech grants,” the report’s author economist Sasan Bakhtiari found. “Exports grew about 50 per cent faster, but only for those Clean Tech firms already exporting.”

In Gunnedah the local leather processing site replaced lighting, compressed air and water heating systems to reduce the carbon emissions intensity of the facility by 13 per cent and save $95,000 in energy costs per year, while new trout smoking equipment at the Snowy Mountain Trout Farm in Blowering Dam reduced carbon emissions by 84 per cent and banked yearly savings of $3000 in energy costs.

“The majority of grants went to fully Australian-owned firms,” said Dr Bakhtiari. “The program seems to have offered a lifeline to firms that [were performing badly] that eventually enabled them to turn around and start growing jobs. …… http://www.theage.com.au/federal-politics/political-news/clean-energy-grant-companies-see-profits-climb-says-department-of-industry-chief-economist-20170315-guyxw9.html

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March 27, 2017 - Posted by | AUSTRALIA - NATIONAL, efficiency

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