According to the World Economic Forum, buildings are responsible for 40% of global energy consumption and 33% of greenhouse gas emissions. Reducing energy consumption and finding smarter solutions to generate, monitor and optimise energy usage across our partners multisite operations is the mission of City’s Energy Centre.
Recently, City closed out a long-running energy project with a number of major retail organisations to implement a significant lighting upgrade program across dozens of their sites across Australia. The project was part of the Government’s Emissions Reduction Fund (ERF) and included replacing traditional light fittings with LED.
This partnership delivered significant environmental benefits, including the delivery of almost 105,000 Australian Carbon Credit Units (ACCUs) to the Clean Energy Regulator as part of the government’s Emissions Reduction Fund (ERF).
The ERF was established by the Australian Government to incentivise Australian businesses and organisations to reduce their greenhouse gas emissions. The ERF provides financial incentives for projects that reduce emissions, with ACCUs being issued for each tonne of carbon dioxide equivalent (CO2-e) reduced.
City worked with the retailers to identify and implement emissions reduction projects that deliver tangible benefits to the environment and their business. The projects have ranged from energy efficient lighting upgrades in stores to the installation of solar panels and HVAC optimisation solutions.
City played a critical role by providing expert advice, analytics, and project management support throughout the project lifecycle. This has included project identification and scoping, feasibility assessments, project design and implementation, and ongoing monitoring and reporting.
Delivering 105,000 ACCUs to the Clean Energy Regulator through the lighting upgrades program is an incredible achievement. To put this into perspective, this is equivalent to annual emissions from approximately 60,000 cars, or energy used to run approximately 6,300 homes for a year. These ACCUs represent a significant contribution to Australia’s overall emissions reduction efforts.
In addition to the environmental benefits, the lighting project has also delivered significant economic benefits to these organisations. By implementing energy efficiency measures and other emissions reduction initiatives, our partners have been able to reduce their operating costs and improve their bottom line.
City’s Energy Centre helps our partners realise these win-win environmental and economic outcomes through innovative, and forward-thinking programs and solutions. For example, City’s energy platform, Spark+ provides real-time actionable insights and automations to deliver sustainable energy management and targeted energy cost reductions. The most exciting part of smarter energy management is the alignment between meeting environmental obligations, creating more comfortable commercial spaces for customers and employees, and reducing energy costs – often significantly. Energy innovation is an exciting space, with many opportunities to take advantage of right now, and into the future.
To find out how we can help reduce energy emissions and better manage your building’s energy needs get in touch.
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