Cost of living relief plan can support investment
11 September 2024
The Investor Group on Climate Change supports ‘Renew Australia For All’ in their call for a multibillion-dollar Plan, to give all Australians access to home upgrades that electrify their homes and reduce energy costs.
Consumer energy resources, like rooftop solar and household batteries, represent a large investment opportunity, and are the low-hanging fruit in giving Australian’s access to the cheapest form of new power – renewable energy with storage.
A cheaper and cleaner grid will support budding green industries and help support the decarbonisation of the entire Australian economy. Ensuring that financially stressed Australians benefit first is critical to an equitable transition.
Quote from Ian Lieblich, Chair of IGCC’s Energy Transition Working Group and Head of ESG for EG Funds:
“Home energy upgrades, powered by residential solar and batteries is the best way to cut Australians’ power bills and accelerate the transition to clean, cheap energy.
“A sophisticated electric household future will allow Australians to harness Virtual Power Plants, reducing the need for new electricity supply infrastructure and saving Australians on the total cost of running their households.”
Quote from Beth Richards, Policy Manger, Investor Group on Climate Change:
“More electrified homes will allow IGCC members to invest in Virtual Power Plants comprised of these individual houses’ energy generating and storing assets. This means investors will be able to contribute to the energy transition at a residential level, reducing dependencies on large scale infrastructure and accelerating the adoption of new renewables into the grid.”
“The transition to electric homes, powered by renewable energy will create jobs, save Australian households thousands and ensure all can benefit from the transition to clean energy.”