The Australian Government has provided over $100 million to establish Low Carbon Australia to support energy efficiency action by businesses. Low Carbon Australia is a Commonwealth company limited by guarantee. There is an independent Board of Directors. Mr Martijn Wilder is the Chairman and Ms Meg McDonald is the Chief Executive Officer.
Low Carbon Australia manages the Energy Efficiency Program which provides finance and advice to eligible businesses and the public sector for the retrofit of commercial properties.
Energy Efficiency Program
The government has provided seed funding for the Energy Efficiency Program to promote energy efficiency in the business sector.
The Energy Efficiency Program has been established to provide innovative finance solutions and expert advice to business and the wider community to achieve energy efficiency improvements and cost-effective carbon emission reductions.
Low Carbon Australia works with businesses to showcase leading edge approaches to energy efficiency investment. Low Carbon Australia provides financing and advice for energy efficiency improvements through retrofitting of commercial buildings.
Low Carbon Australia operates commercially, seeking a positive return on its investments and aiming to achieve long-term financial sustainability for its own operations. It is not the intention that Low Carbon Australia operate as a grant making body. Instead, the financial vehicles being created through the Energy Efficiency Program will enable property owners, business and public sector organisations to access innovative finance solutions for upgrades to energy efficiency equipment.
Low Carbon Australia brings together public and private seed funding, business skills and culture and technical knowledge to leverage investment in energy efficiency activities in commercial buildings and other business operations. By showcasing commercially viable energy efficiency opportunities, the Energy Efficiency Program will increase awareness amongst businesses of the benefits of energy efficiency and facilitate the growth of private sector capacity.