The Tax Office has established a special recruitment stream for refugees, military veterans, and people who want to work part-time -- particularly if
The full video of Tuesday's seminar, New frontiers in behavioural economics: predictive policy and machine learning, hosted by the Institute
We recently moved our readers to a new system. You may need to reset your password here to login.
Not a member ? Join here for free.
Forgot your password?
Home Features The finance deals helping governments green city buildings
Text size :
TAGS Business/Finance, Environment, Clean Energy Finance Corporation, Sustainable Melbourne Fund, Melbourne City Council, Climate change
Environmental Upgrade Agreements, a government-driven approach to financing emissions reductions, are helping to cut carbon in Melbourne and NSW.
Climate policy might have stalled in Canberra, but state and local governments are still making efforts to find innovative ways to cut carbon emissions. Environmental Upgrade Agreements — finance for private organisations to install energy-saving retrofits — are catching on.
EUAs, first instituted in Australia in 2011, are available for projects like installing new lighting, water-saving measures, heating, air conditioning and other means of improving energy use.
EUAs involve three parties: the property owner, financial institution and local council. The financier provides an upfront sum to the building owner to make the upgrade, while repayments are collected by local government through a mechanism similar to council rates, which are then passed on to the financial institution.
The energy cost savings resulting from the upgrade will help offset ongoing costs, so that efficiency upgrades will be relatively cheap or cost-neutral, making it reasonable for building owners and tenants to share the upgrade costs. This helps to overcome the disincentive for building owners to make environmental retrofits when it is tenants who will benefit from lower energy or water bills.
Receive unlimited access, get all the latest public sector news and features, plus The Juice, our daily news update sent direct to your inbox.
The Mandarin is where Australia's public sector leaders discuss their work and the issues faced within modern bureaucracy. Join today to discover the latest in public administration thinking and news from our dedicated reporters, current and former agency heads and senior executives.
David Donaldson is a journalist at The Mandarin based in Melbourne. He's previously written for The Guardian and Crikey and holds a masters in international relations.
Read Related Content