The 2xEP program is working with industry, governments and research partners towards a Roadmap for doubling energy productivity by 2030. A commitment to 2xEP would lead to investment of $100 billion over 15 years, a 2.8% increase in real GDP, a $30 billion reduction in energy spend in 2030, a 25% reduction in greenhouse gas emissions. A2EP supports and promotes the 2xEP program.
Economic productivity in many sectors of the Australian economy has been flat or declining in recent years. Energy costs consumers - business and domestic - more than $110 billion per year, about 8% of GDP. Improving energy productivity is key to improving multi-factor productivity.
Energy ‘productivity’ considers not only energy ‘efficiency’ but also system optimisation and business transformation. Energy productivity looks to outputs - quality and quantity - not only to ‘savings’ or a reduction in consumption but also ways to improve the value of output created from energy use.