Australian government Prime minister today announced an ambitious new climate target to cut the Australian greenhouse gas emissions by 62% to 70% below 2005 levels by 2035. This is the part of Australia’s next Nationally Determined Contribution (NDC) under the Paris agreement as Australia wants to achieve Net-Zero emissions by 2050.
How is this going to impact home owners and businesses and how can companies make profit out of this.
Reason why this target matters
- Tough regulations on energy efficiency, waste management and energy ratings of buildings to be improved.
- The government is likely to increase subsidy and incentives for solar power, battery storage, EV charging, and sustainable building materials.
- There will be a rise in green upgrades in homes and commercial spaces.
What are the opportunities for home owners
- There will be higher rebates on rooftop solar installations, energu efficient hot water systems and insulation for residential homes.
- Electricity bills will go lower by switching to renewable energy.
- Increase in the property value by achieving high energy ratings like NABERS.
Opportunities for Commercial Businesses
- The demand for green retrofitting will rise as the homeowners will seek professionals to install solar panels, insulation and water saving fixtures.
- Government backed contracts will rise as many public projects will look for low emmission building practices and they will offer new tenders.
- Sustainability partnerships will increase as working with the eco-friendly suppliers will open the new customer segments.
How to Prepare for the change
- Train the team in solar, energy efficiency and sustainable construction
- Promote your services as eco-friendly and climate target aligned
- Apply for green businesses Grant and incentives to promote growth
Conclusion Australia’s 2035 climate target will give a big push to clean energy and sustainable buildings. Contact All Tasker today for expert services to prepare yourself for Australia’s 2035 climate target.
