THE ROAD TO EFFICIENCY © Sean Gladwell/Dollar Photo Club
Dannielle Furness
Fuel has been a hot topic lately; the cost is up (or down), regional areas are being hit by higher pricing, our nation’s fuel security is at risk ... the list goes on.
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hile as individuals, fleet
analysis, engagement and assessment. In
sions) standards. CWA believes that the
managers and business
short, this means identifying the most
successful design and implementation of
operators we can’t ex-
efficient opportunities for emissions
best practice standards in Australia could
actly affect the dynam-
reduction; partnering with business,
realise a light vehicle fleet fuel-efficiency
ics of the international
government and community to remove
improvement of over 50% within the next 10 years.
market, we can make
barriers to those reductions; and, assess-
vehicle purchasing choices based on fact,
ing our national progress to ensure any
rather than assumption, and encourage
ensuing goals are being met.
practices that promote more efficient
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The current system in Australia relies heavily on higher fuel prices as a
fuel use, benefiting the environment
We’re behind the 8-ball
mechanism to encourage new vehicle
and ensuring an ongoing stable supply.
The paper is the result of substantial
buyers to purchase a more fuel-efficient
financial modelling, which we won’t
option. However, CWA says that evidence
In Feburary 2014, ClimateWorks Australia
detail too deeply here, but it raises some
suggests a high degree of price inelastic-
(CWA) released a briefing paper titled
interesting points. Despite the concerted
ity, meaning that significant fuel price
‘Improving Australia’s Light Vehicle
ongoing efforts of government, industry
increases are required before a shift in
Fuel Efficiency’. CWA aims to facilitate
and consumer groups, Australia lags
consumer preference is realised. They
substantial reductions in Australia’s
behind most other developed economies
state that other developed economies use
greenhouse gas emissions over the next
when it comes to the introduction of
a combination of regulatory standards,
five years and works on a platform of
regulated fuel-efficiency (or CO2 emis-
voluntary targets, financial incentives
FSB FEBRUARY 2015
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