Online tool builds business case for EUA finance

ClimateWorks Australia is developing a new online software tool in partnership with Sustainable Melbourne Fund to make it easier for businesses to adopt an environmental upgrade agreement (EUA) and finance an upgrade to their building.

Scott Bocskay, Chief Executive of Sustainable Melbourne Fund said that in order to understand the real opportunities, the business case for EUAs needs to be clearly articulated.

“This project will lay out the opportunities for all to capitalise on,” he said.

ClimateWorks Australia Executive Director, Anna Skarbek said the tool has been designed to address the issue of many building owners and tenants that are still unsure of the financial benefits of these type of agreements and how it can improve the energy efficiency of their building while saving them money on their energy bills.

“The new tool will allow building owners to use their own data to determine the business case for retrofitting their building including costs, the payback period, the expected reduction in carbon emissions and amount of savings made on energy bills,” she said.

As well as building owners, the tool could also be used by tenants, service providers such as property managers and energy service companies as well as local councils.

Over the next two months, the project team will be engaging with building owners and tenants to develop targeted and practical resources. From the middle of next year, there will be a series of workshops and webinars highlighting the business case for EUAs and stepping through the use of the tool, as well as train-the-trainer sessions for property managers and other building service providers, energy service companies and local councils involved in providing EUAs.

The communications program will initially focus on areas where the local government legislation has already been changed (or is expected to be changed in the near future) to enable EUA’s such as in New South Wales, South Australia and the City of Melbourne.

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