From BS:
Why mess with success? That’s the question bemused energy industry experts and consumer advocates are asking after the federal government has quietly initiated a low key, unscheduled review into Australia’s national appliance energy efficiency standards.
The Equipment Energy Efficiency (E3) Program is a joint initiative of the Commonwealth, state and territory governments and the New Zealand Government. Improving the energy efficiency of appliances and products has significant economic and environmental benefits for Australia and New Zealand. It reduces greenhouse gas emissions and energy demand in both countries. It also reduces the running costs of appliances and products for households and businesses.
…It’s a largely unsung success in the battle for greater energy efficiency. A review released in March 2014 found that the E3 program is likely to produce net benefits from 2014 to 2030 of $57 billion and would save about 129 million tonnes of CO2-e in this period. The overall benefit-cost ratio of the E3 program is about 4.6, which means that for every $1 of expenditure on the program (by government and consumers) $4.60 is saved. The effective cost per tonne of CO2-e avoided is -$118.
Not if your goal is an economic meal of coal with coal sauce.
