Presentation "Energy Efficiency – Realising the potential: A set of teaching resources that educators can use to develop two-hour Interactive Seminars on energy efficiency for accountants and business managers" 9 May 2012
The document provides teaching resources for educators to develop two-hour interactive seminars on energy efficiency for accountants and business managers. It includes slides on the business risks of rising energy costs, carbon pricing, and compliance issues that energy efficiency can help address. It also gives examples of how leading organizations are implementing energy efficiency programs and discusses actions accountants and managers can take, such as establishing an energy baseline and developing business cases for efficiency projects by identifying all associated costs and benefits. The resources are intended to help train audiences on energy efficiency fundamentals and opportunities in their roles.
UTS Energy Efficiency CPA CSR Discussion Group Presentation 24 February 2012Paul Brown
This document summarizes a presentation about leadership and change for energy efficiency in accounting and management. It discusses an energy efficiency training project funded by the NSW Office of Environment and Heritage. The project aims to develop education materials to enhance knowledge of energy efficiency. It highlights the role accountants can play in managing risks and opportunities from energy efficiency. The presentation outlines practical examples of how accountants can show leadership to help organizations transition to a low-carbon economy, such as establishing energy budgets and building business cases for efficiency projects.
This document discusses energy efficiency and its importance. It defines energy efficiency as the level of energy consumption required to provide a given service based on both technical and non-technical factors. The benefits of energy efficiency include energy savings, increased disposable income, reduced greenhouse gas emissions, poverty alleviation, and job creation. However, energy efficiency also faces costs in the form of rebound effects, where consumers increase their consumption in response to energy efficiency gains. The document also examines energy efficiency in Jordan, where initiatives aim to increase renewable energy production and public awareness to reduce energy demand.
'Leadership & Change for Energy Efficiency in Accounting & Management' to CIM...Paul Brown
This document provides an overview of a seminar on leadership and change for energy efficiency in accounting and management. It discusses the business context for energy efficiency, including rising energy costs, carbon pricing, and compliance with legislation. A case study of energy efficiency efforts at The GPT Group is presented. The role of management accountants in identifying cost-effective energy efficiency opportunities and establishing an organizational energy baseline is also discussed.
(1) The document provides information about a 3-day training event on energy saving and sustainable energy management taking place in Dubai from February 26-28, 2017.
(2) It includes an agenda for each day that covers topics such as developing an energy management strategy, identifying energy savings opportunities, and engaging organizations in energy savings.
(3) The event will be led by Kit Oung, an award-winning energy savings director and expert in the field of energy management.
Energy conservation is an unnecessary expenditure and considered as a less important operational activity in many third world countries, particularly in India. The review of literature on the energy conservation project funding identifies that unclear management vision and policy for energy conservation is one of the reason for its back seat. Energy Conservation is supposed to be a top-down approach, in reality, a procurement manager is obliged to buy based on L1 policy (Lowest quoted price). Most of the Energy Conservation Measures (ECM) are not available at lowest quoted price. Therefore, Energy Conservation Measures (ECM) turn out to be a document formality rather than practice. The paper highlights the need for a paradigm shift on Energy conservation project from an expenditure to an investment. The Energy Conservation Project is an investment that will continue to give a return as long as the equipment is in operation or the facility is functional. This calls for amendments in Energy Policies and Project Guidelines for swift that there are no conflicts between the departments for implementing the energy conservation projects.
Welcome to International Journal of Engineering Research and Development (IJERD)IJERD Editor
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
Effective green technology policies implementation: An Industry Player's pers...ZAINI ABDUL WAHAB
This document summarizes a presentation on green technology given at the 4th Annual Greentech Asia conference. It defines green technology and its key sectors such as transportation, industrial equipment, buildings, waste management, and water management. It outlines global green outlooks and energy demands through 2030, highlighting the need for improved efficiency. The document then discusses green policies and incentives in Malaysia, including various national energy policies. It identifies green business potentials and green technology's role in Malaysia's Economic Transformation Program. Finally, it analyzes common barriers to green technology development and recommends strategic actions and a sustainable way forward.
UTS Energy Efficiency CPA CSR Discussion Group Presentation 24 February 2012Paul Brown
This document summarizes a presentation about leadership and change for energy efficiency in accounting and management. It discusses an energy efficiency training project funded by the NSW Office of Environment and Heritage. The project aims to develop education materials to enhance knowledge of energy efficiency. It highlights the role accountants can play in managing risks and opportunities from energy efficiency. The presentation outlines practical examples of how accountants can show leadership to help organizations transition to a low-carbon economy, such as establishing energy budgets and building business cases for efficiency projects.
This document discusses energy efficiency and its importance. It defines energy efficiency as the level of energy consumption required to provide a given service based on both technical and non-technical factors. The benefits of energy efficiency include energy savings, increased disposable income, reduced greenhouse gas emissions, poverty alleviation, and job creation. However, energy efficiency also faces costs in the form of rebound effects, where consumers increase their consumption in response to energy efficiency gains. The document also examines energy efficiency in Jordan, where initiatives aim to increase renewable energy production and public awareness to reduce energy demand.
'Leadership & Change for Energy Efficiency in Accounting & Management' to CIM...Paul Brown
This document provides an overview of a seminar on leadership and change for energy efficiency in accounting and management. It discusses the business context for energy efficiency, including rising energy costs, carbon pricing, and compliance with legislation. A case study of energy efficiency efforts at The GPT Group is presented. The role of management accountants in identifying cost-effective energy efficiency opportunities and establishing an organizational energy baseline is also discussed.
(1) The document provides information about a 3-day training event on energy saving and sustainable energy management taking place in Dubai from February 26-28, 2017.
(2) It includes an agenda for each day that covers topics such as developing an energy management strategy, identifying energy savings opportunities, and engaging organizations in energy savings.
(3) The event will be led by Kit Oung, an award-winning energy savings director and expert in the field of energy management.
Energy conservation is an unnecessary expenditure and considered as a less important operational activity in many third world countries, particularly in India. The review of literature on the energy conservation project funding identifies that unclear management vision and policy for energy conservation is one of the reason for its back seat. Energy Conservation is supposed to be a top-down approach, in reality, a procurement manager is obliged to buy based on L1 policy (Lowest quoted price). Most of the Energy Conservation Measures (ECM) are not available at lowest quoted price. Therefore, Energy Conservation Measures (ECM) turn out to be a document formality rather than practice. The paper highlights the need for a paradigm shift on Energy conservation project from an expenditure to an investment. The Energy Conservation Project is an investment that will continue to give a return as long as the equipment is in operation or the facility is functional. This calls for amendments in Energy Policies and Project Guidelines for swift that there are no conflicts between the departments for implementing the energy conservation projects.
Welcome to International Journal of Engineering Research and Development (IJERD)IJERD Editor
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
Effective green technology policies implementation: An Industry Player's pers...ZAINI ABDUL WAHAB
This document summarizes a presentation on green technology given at the 4th Annual Greentech Asia conference. It defines green technology and its key sectors such as transportation, industrial equipment, buildings, waste management, and water management. It outlines global green outlooks and energy demands through 2030, highlighting the need for improved efficiency. The document then discusses green policies and incentives in Malaysia, including various national energy policies. It identifies green business potentials and green technology's role in Malaysia's Economic Transformation Program. Finally, it analyzes common barriers to green technology development and recommends strategic actions and a sustainable way forward.
Introduction to Energy Efficiency Industry for MalaysiansZAINI ABDUL WAHAB
sharing of ...
Overview of Energy in Malaysia and Outlooks on EE industry potentials
ESCOs in EE industry
Sustainable implementation of EE initiatives at organizations through management and engineering solutions
Barriers and counter measures for holistic EE implementation at the national level to grow EE industry
The way forward
based on my experiences, knowledge, readings and beliefs as an industry players
The document discusses barriers to energy efficiency implementation for small and medium enterprises (SMEs) in India and potential solutions. It notes that SMEs face high energy costs but lack access to energy efficient technologies. Barriers include a lack of awareness, data, financing options, and coordination. The Alliance for an Energy Efficient Economy (AEEE) works to address these challenges by collaborating with government agencies, facilitating market transformation, and providing financing and technical solutions tailored for SME clusters.
This document outlines key questions and strategies for improving energy efficiency programs targeted at small and medium enterprises (SMEs). It notes that SMEs account for 30% of industrial energy consumption and have significant potential for energy savings. Effective programs use partnerships, address multiple benefits beyond energy savings, understand diverse SME needs, combine various measures, and make assistance easy to access. Strategies include focusing on sector-specific barriers, leveraging existing policies, and motivating banks to view energy efficiency loans as profitable. The presentation seeks perspectives on challenges to and policies needed for progressing SME energy efficiency.
This is normally my story line whenever I was asked/requested/invited to share with audience on the way forward for energy efficiency industry in Malaysia when I was I the government trying to push for EE agenda..and my opinions and thoughts are still the same until today and look like for longer time
Presentation Fredricton September 2009 generalAngelo Mangatal
This document provides an overview of a presentation on energy efficiency opportunities for the electrical generation sector. It discusses the benefits of energy efficiency, including financial savings and environmental benefits. It identifies obstacles to energy efficiency in the sector and provides suggestions on how to increase awareness and identify opportunities. Specific energy efficiency measures and programs are outlined, and case studies provide examples of energy and emissions reductions achieved through efficiency improvements.
IIEC ELECTRICAL CONFERENCE 2013:EE implementation-player's perspectiveZAINI ABDUL WAHAB
Key highlights:
Business Potentials In Energy Efficiency Implementation
Success Stories in energy efficiency programs and projects implementation
Barriers & Counter Measures For Sustainable Energy Efficiency Programs Implementation in Malaysia
Energy Efficiency Industry Development & The Way Forward for Malaysia
This document summarizes key points from a presentation on energy efficiency given by John W. Conover IV at the Green Building Focus Conference in 2011. It discusses how (1) energy efficiency can be a differentiator for companies by enabling new markets and partnerships for innovation. However, (2) most companies still do not integrate energy efficiency fully into their strategies or assign clear responsibilities. (3) A lack of measurement and expertise also hinders progress on energy efficiency.
Energy costs reduction through Energy Performance Contracting projects implem...ZAINI ABDUL WAHAB
Global and local EPC potentials
Overview of EPC
Key steps in a workable EPC implementation mechanism for Malaysia
Support measures required for EPC to grow as an industry
What's next
Key Steps and Success Factors in EPC ImplementationZAINI ABDUL WAHAB
The document outlines the key steps and criteria for successful energy performance contracting (EPC) projects. It discusses establishing the need for EPC, selecting an energy service company (ESCO), conducting an energy audit, developing an EPC contract, implementing savings measures, and measuring/verifying savings. Successful EPC requires proper evaluation of proposals, agreed upon baselines for energy use, and monitoring/verification of actual savings achieved against the baselines. Case studies show EPC can reduce energy bills by 10-35% through optimizing equipment and systems.
Career Talk for Undergraduates:Energy efficiency industry and career potenti...ZAINI ABDUL WAHAB
This document provides an overview of the energy efficiency industry and career opportunities from the perspective of industry players. It discusses the growing potential for energy efficiency businesses and jobs in Malaysia and globally due to increasing energy demand. Specific career opportunities mentioned include energy auditing, energy management consulting, and working as a Registered Electrical Energy Manager, which is a legally required role in Malaysia for large energy-consuming facilities to improve energy efficiency. The document also outlines future challenges for graduates entering this field such as globalized career markets and brain drain trends. It emphasizes that Malaysia must prepare graduates to participate and compete at a global level to achieve high-income economy status.
INTRODUCTION TO LOGISTICS
OVERVIEW & CHALLENGES OF LOGISTICS INDUSTRY
ENERGY EFFICIENCY INLOGISTICS INDUSTRY –
AREAS OF POTENTIAL IMPROVEMENT & APPROACHES FOR ENERGY EFFICIENT LOGISTICS
DISCUSSIONS, CONCLUSIONS & THE WAY FORWARD
Total energy conservation and energy management solutions for intensive energ...ZAINI ABDUL WAHAB
1. Possible solutions and financing options for energy conservation projects implementation.
2. Energy management system development & implementation expert advisory and services
SETTING THE STANDARD: ENERGY MANAGEMENT for SUSTAINABLE ACTION PLANSicleibrx
The document discusses integrating Sustainable Energy Action Plans (SEAPs) with energy management systems according to ISO 50001. It describes a project involving 13 partners across 8 EU countries to support 43 municipalities. The project aims to define benchmarks and best practices for local governments to implement SEAPs and certify their energy management systems to ISO 50001. Integrating SEAPs and energy management systems can provide benefits like cost savings, easier access to funding, and improved energy efficiency.
MAESCO 14th AGFM 2015-Key Updates and Visions in Energy EfficiencyZAINI ABDUL WAHAB
The document outlines the key programs and visions of MAESCO (Malaysia Energy Services Company) for the energy efficiency industry in Malaysia. It discusses MAESCO's implemented and upcoming programs including an EPC program launched in December 2014 to facilitate energy efficiency projects using the EPC model. It also summarizes MAESCO's training programs, collaborations, presentations and capacity building efforts. The document concludes by outlining MAESCO's visions for a strong energy efficiency industry in Malaysia through supportive government policies, implementation measures, monitoring and improvements to achieve economic and environmental benefits.
Investment and business potentials in energy efficiency industry ZAINI ABDUL WAHAB
This document discusses energy efficiency (EE) outlooks, policies, and investment potentials in Malaysia. It notes that EE measures could halve energy demand growth by 2035 according to the IEA, but that 2/3 of economic EE potential remains untapped globally. The document outlines various EE investment options and models in Malaysia, including for energy service companies (ESCOs) and energy performance contracting. It also discusses barriers to EE investments and measures to encourage private sector participation in the EE industry.
Innovative Funding Options for Energy Efficiency InitiativesConstellation
Businesses across North America are looking to energy efficiency programs to reduce energy costs and satisfy environmental goals. However, implementing efficiency measures can be challenging when upfront capital, expertise, and resources are limited or unavailable.
This white paper highlights an overview of available options to overcome these limitations. These options include:
- Energy Performance Contracting (EPCs)
- Design/Build Programs
- In-Electric Rate Funding
- Newer option requiring no upfront capital
- Funding via energy cost savings over 3 to 5 years
This document contains summaries of presentations from a Massachusetts Energy Summit on conservation and energy efficiency. It lists speakers from organizations like National Grid, the Institute of Contemporary Art Boston, MassMutual Financial Group, Mount Wachusett Community College, ISO New England, and the Massachusetts Secretary of Energy and Environmental Affairs office. The document provides information on various energy efficiency projects, incentives, and issues relating to the electric grid.
Overcoming Pakistan's current crisis through energy efficiency and renewable energy was the topic of a seminar supported by USAID and organized by Senator (R) Rukhsana Zuberi, chairperson of the Pakistan Engineering Council and head of the non-government organization, South Asian Women in Energy.
The Alliance's Alexander Filippov was among the experts advising Pakistani representatives on energy efficiency implementation.
Innovation And Change For Business SustainabilityNik Hasyudeen
Innovation and change are necessary for business sustainability in a competitive global economy. To remain relevant, businesses must shift to new economic models based on innovation, creativity, and high-value activities. This requires moving the economy up the value chain through greater value-add in manufacturing, services, and agriculture. It also means raising knowledge and innovation capacity through improved education and nurturing research capabilities. Ensuring business sustainability further requires appreciating strategic risks and mitigating risks proactively in an increasingly interconnected world where the business landscape is constantly changing.
CAF Energy Efficiency Program PresentationKerry Stewart
Capital Access Financial partners with green energy companies to provide turnkey financing and implementation of energy efficiency retrofit projects. They use a three step process: planning efficiency upgrades, implementing the upgrades, and ongoing monitoring and verification. This guarantees savings and eliminates performance risk for clients. CAF invests in green projects because they reduce energy usage by 26% and costs by 13% while cutting emissions by 35%. The financing allows projects to be completed with no upfront costs from clients.
Introduction to Energy Efficiency Industry for MalaysiansZAINI ABDUL WAHAB
sharing of ...
Overview of Energy in Malaysia and Outlooks on EE industry potentials
ESCOs in EE industry
Sustainable implementation of EE initiatives at organizations through management and engineering solutions
Barriers and counter measures for holistic EE implementation at the national level to grow EE industry
The way forward
based on my experiences, knowledge, readings and beliefs as an industry players
The document discusses barriers to energy efficiency implementation for small and medium enterprises (SMEs) in India and potential solutions. It notes that SMEs face high energy costs but lack access to energy efficient technologies. Barriers include a lack of awareness, data, financing options, and coordination. The Alliance for an Energy Efficient Economy (AEEE) works to address these challenges by collaborating with government agencies, facilitating market transformation, and providing financing and technical solutions tailored for SME clusters.
This document outlines key questions and strategies for improving energy efficiency programs targeted at small and medium enterprises (SMEs). It notes that SMEs account for 30% of industrial energy consumption and have significant potential for energy savings. Effective programs use partnerships, address multiple benefits beyond energy savings, understand diverse SME needs, combine various measures, and make assistance easy to access. Strategies include focusing on sector-specific barriers, leveraging existing policies, and motivating banks to view energy efficiency loans as profitable. The presentation seeks perspectives on challenges to and policies needed for progressing SME energy efficiency.
This is normally my story line whenever I was asked/requested/invited to share with audience on the way forward for energy efficiency industry in Malaysia when I was I the government trying to push for EE agenda..and my opinions and thoughts are still the same until today and look like for longer time
Presentation Fredricton September 2009 generalAngelo Mangatal
This document provides an overview of a presentation on energy efficiency opportunities for the electrical generation sector. It discusses the benefits of energy efficiency, including financial savings and environmental benefits. It identifies obstacles to energy efficiency in the sector and provides suggestions on how to increase awareness and identify opportunities. Specific energy efficiency measures and programs are outlined, and case studies provide examples of energy and emissions reductions achieved through efficiency improvements.
IIEC ELECTRICAL CONFERENCE 2013:EE implementation-player's perspectiveZAINI ABDUL WAHAB
Key highlights:
Business Potentials In Energy Efficiency Implementation
Success Stories in energy efficiency programs and projects implementation
Barriers & Counter Measures For Sustainable Energy Efficiency Programs Implementation in Malaysia
Energy Efficiency Industry Development & The Way Forward for Malaysia
This document summarizes key points from a presentation on energy efficiency given by John W. Conover IV at the Green Building Focus Conference in 2011. It discusses how (1) energy efficiency can be a differentiator for companies by enabling new markets and partnerships for innovation. However, (2) most companies still do not integrate energy efficiency fully into their strategies or assign clear responsibilities. (3) A lack of measurement and expertise also hinders progress on energy efficiency.
Energy costs reduction through Energy Performance Contracting projects implem...ZAINI ABDUL WAHAB
Global and local EPC potentials
Overview of EPC
Key steps in a workable EPC implementation mechanism for Malaysia
Support measures required for EPC to grow as an industry
What's next
Key Steps and Success Factors in EPC ImplementationZAINI ABDUL WAHAB
The document outlines the key steps and criteria for successful energy performance contracting (EPC) projects. It discusses establishing the need for EPC, selecting an energy service company (ESCO), conducting an energy audit, developing an EPC contract, implementing savings measures, and measuring/verifying savings. Successful EPC requires proper evaluation of proposals, agreed upon baselines for energy use, and monitoring/verification of actual savings achieved against the baselines. Case studies show EPC can reduce energy bills by 10-35% through optimizing equipment and systems.
Career Talk for Undergraduates:Energy efficiency industry and career potenti...ZAINI ABDUL WAHAB
This document provides an overview of the energy efficiency industry and career opportunities from the perspective of industry players. It discusses the growing potential for energy efficiency businesses and jobs in Malaysia and globally due to increasing energy demand. Specific career opportunities mentioned include energy auditing, energy management consulting, and working as a Registered Electrical Energy Manager, which is a legally required role in Malaysia for large energy-consuming facilities to improve energy efficiency. The document also outlines future challenges for graduates entering this field such as globalized career markets and brain drain trends. It emphasizes that Malaysia must prepare graduates to participate and compete at a global level to achieve high-income economy status.
INTRODUCTION TO LOGISTICS
OVERVIEW & CHALLENGES OF LOGISTICS INDUSTRY
ENERGY EFFICIENCY INLOGISTICS INDUSTRY –
AREAS OF POTENTIAL IMPROVEMENT & APPROACHES FOR ENERGY EFFICIENT LOGISTICS
DISCUSSIONS, CONCLUSIONS & THE WAY FORWARD
Total energy conservation and energy management solutions for intensive energ...ZAINI ABDUL WAHAB
1. Possible solutions and financing options for energy conservation projects implementation.
2. Energy management system development & implementation expert advisory and services
SETTING THE STANDARD: ENERGY MANAGEMENT for SUSTAINABLE ACTION PLANSicleibrx
The document discusses integrating Sustainable Energy Action Plans (SEAPs) with energy management systems according to ISO 50001. It describes a project involving 13 partners across 8 EU countries to support 43 municipalities. The project aims to define benchmarks and best practices for local governments to implement SEAPs and certify their energy management systems to ISO 50001. Integrating SEAPs and energy management systems can provide benefits like cost savings, easier access to funding, and improved energy efficiency.
MAESCO 14th AGFM 2015-Key Updates and Visions in Energy EfficiencyZAINI ABDUL WAHAB
The document outlines the key programs and visions of MAESCO (Malaysia Energy Services Company) for the energy efficiency industry in Malaysia. It discusses MAESCO's implemented and upcoming programs including an EPC program launched in December 2014 to facilitate energy efficiency projects using the EPC model. It also summarizes MAESCO's training programs, collaborations, presentations and capacity building efforts. The document concludes by outlining MAESCO's visions for a strong energy efficiency industry in Malaysia through supportive government policies, implementation measures, monitoring and improvements to achieve economic and environmental benefits.
Investment and business potentials in energy efficiency industry ZAINI ABDUL WAHAB
This document discusses energy efficiency (EE) outlooks, policies, and investment potentials in Malaysia. It notes that EE measures could halve energy demand growth by 2035 according to the IEA, but that 2/3 of economic EE potential remains untapped globally. The document outlines various EE investment options and models in Malaysia, including for energy service companies (ESCOs) and energy performance contracting. It also discusses barriers to EE investments and measures to encourage private sector participation in the EE industry.
Innovative Funding Options for Energy Efficiency InitiativesConstellation
Businesses across North America are looking to energy efficiency programs to reduce energy costs and satisfy environmental goals. However, implementing efficiency measures can be challenging when upfront capital, expertise, and resources are limited or unavailable.
This white paper highlights an overview of available options to overcome these limitations. These options include:
- Energy Performance Contracting (EPCs)
- Design/Build Programs
- In-Electric Rate Funding
- Newer option requiring no upfront capital
- Funding via energy cost savings over 3 to 5 years
This document contains summaries of presentations from a Massachusetts Energy Summit on conservation and energy efficiency. It lists speakers from organizations like National Grid, the Institute of Contemporary Art Boston, MassMutual Financial Group, Mount Wachusett Community College, ISO New England, and the Massachusetts Secretary of Energy and Environmental Affairs office. The document provides information on various energy efficiency projects, incentives, and issues relating to the electric grid.
Overcoming Pakistan's current crisis through energy efficiency and renewable energy was the topic of a seminar supported by USAID and organized by Senator (R) Rukhsana Zuberi, chairperson of the Pakistan Engineering Council and head of the non-government organization, South Asian Women in Energy.
The Alliance's Alexander Filippov was among the experts advising Pakistani representatives on energy efficiency implementation.
Innovation And Change For Business SustainabilityNik Hasyudeen
Innovation and change are necessary for business sustainability in a competitive global economy. To remain relevant, businesses must shift to new economic models based on innovation, creativity, and high-value activities. This requires moving the economy up the value chain through greater value-add in manufacturing, services, and agriculture. It also means raising knowledge and innovation capacity through improved education and nurturing research capabilities. Ensuring business sustainability further requires appreciating strategic risks and mitigating risks proactively in an increasingly interconnected world where the business landscape is constantly changing.
CAF Energy Efficiency Program PresentationKerry Stewart
Capital Access Financial partners with green energy companies to provide turnkey financing and implementation of energy efficiency retrofit projects. They use a three step process: planning efficiency upgrades, implementing the upgrades, and ongoing monitoring and verification. This guarantees savings and eliminates performance risk for clients. CAF invests in green projects because they reduce energy usage by 26% and costs by 13% while cutting emissions by 35%. The financing allows projects to be completed with no upfront costs from clients.
2016-2018 Energy Efficiency Plan PresentationCapeLightEnergy
The document outlines Cape Light Compact's proposed 3-year Energy Efficiency Plan from 2016 to 2018. It proposes expanding existing residential, low-income, commercial, and industrial energy efficiency programs. If approved, the plan would increase average monthly bills by $1.69 for residential customers but yield over $126 million in energy efficiency programs and savings for the region.
This document discusses global energy challenges and the potential for increased energy efficiency. It notes that buildings and industry account for 44% of greenhouse gas emissions and are also the largest energy consumers. The document argues that a focus on energy efficiency using current technologies could achieve 30% energy savings, which would help address increasing energy demand and the need to reduce climate impacts from energy use. It promotes energy efficiency as a cheaper, quicker, and cleaner way to tackle energy challenges compared to developing cleaner supply sources.
The document discusses energy audits and provides details about conducting an energy audit at a milk plant. It describes the goals of energy audits as minimizing costs for energy, operations, repairs, and increasing environmental quality. The document outlines the methodology for preliminary and detailed energy audits, including data collection, measurements, analysis, and post-audit presentations. It also provides a case study of an energy audit conducted at a milk plant, identifying areas for savings through improvements to boilers, air compressors, and illumination systems.
This document provides materials to help prepare for an electrical engineering interview, including 92 electrical interview questions and answers and tips for answering common questions. Some key questions covered include explaining differential amplifiers and CMRR, discussing the advantages of AC over DC systems, describing experience and goals. The document also provides links to additional interview preparation resources.
Similar to Presentation "Energy Efficiency – Realising the potential: A set of teaching resources that educators can use to develop two-hour Interactive Seminars on energy efficiency for accountants and business managers" 9 May 2012
The document discusses energy efficiency, conservation, and management. It defines energy efficiency as using less energy to provide the same service, and energy conservation as reducing or going without energy usage. An effective energy management strategy involves appointing an energy manager, conducting energy audits, establishing monitoring systems, creating awareness programs, and annually reviewing efforts. Comprehensive energy audits are conducted in multiple phases to accurately assess energy usage and identify opportunities to reduce costs. The audits analyze equipment and processes to determine how energy is being used and provide recommendations.
Paul Hamilton, Schneider Electric: Lean and Clean: Equipping Modern Manufactu...guest3e1229f
On Friday, March 19, Alliance staff and industry experts discussed energy efficiency's role in reducing greenhouse gas emissions in the industrial sector.
Paul Hamilton, Schneider Electric: Lean and Clean: Equipping Modern Manufactu...Alliance To Save Energy
The document discusses industrial energy efficiency and provides recommendations for engaging with industrial customers. It recommends that energy experts recognize the priorities of the facility, enhance the facility's perspective on energy, and that an energy audit should only be the first step in developing an ongoing energy action plan through continuous collaboration. Case studies show how comprehensive energy action plans can identify significant ongoing energy savings opportunities through mechanical systems improvements, combined heat and power optimization, and other measures.
Enviro Max Sustainability Tripple Play For Business Draft Mmc 102310macmw
The document discusses sustainability and green building trends. It notes that the green building market is large and growing, and that a focus on existing building retrofits can provide large energy and emissions savings compared to new construction. The document outlines the LEED green building certification system and provides an overview of enviro-max's sustainability services, which include strategic planning, building assessments, establishing energy baselines, developing green building solutions, and assisting with LEED certification.
The document discusses an energy efficiency program in New Zealand that aimed to deliver energy savings to small and medium businesses. It found that engaging businesses through their industry associations, using a workshop-based group learning approach with ongoing mentoring, was more successful than targeting businesses individually. Industry associations provide a trusted, peer-based forum and engaging senior leadership from the start helps reinforce energy efficiency actions. The key lessons learned were that group learning programs involving industry peers and ongoing support tend to be more effective than isolated, one-on-one engagements.
Experience and Challenges faced in complying with EEC - Benjamin Borja, APMCOECD Environment
1st Clean Energy Finance and Investment Consultation Workshop: “Unlocking finance and investment for clean energy in the Philippines” 31 May – 1 June 2022, Makati Diamond Residences, Legazpi Village, Makati City
Imtech ICT provides energy assessment services to help businesses develop carbon management plans and reduce energy costs. The assessment involves an online survey, report on areas for improvement, and consultation to establish goals. Key areas for improvement include energy consumption, workplace culture, customer/shareholder impact, travel policies and more. Imtech can help clients achieve smarter energy solutions and a more sustainable future through their expertise in electrical, ICT and mechanical services.
Investors can use this guide to: Decide whether energy productivity is a material issue for any portfolio companies; Prioritise and shortlist sectors or companies for engagement on energy issues; Access supporting information (including industry
examples) for engagement or discussions with companies; Support improved financial returns for portfolio companies through pursuing opportunities for their energy productivity improvement
Organisational Behaviour: Business Models for a Profitable and Sustainable Fu...Ken Dooley
There is a growing trend for companies to integrate sustainable strategies that require a comprehensive reconfiguration of their daily operations. This is referred to as “embedded sustainability”. Whilst also providing significant reductions in environmental impact, these sustainability strategies result in (a) reduced short term operational costs, (b) reduced exposure to future environmental risk and (c) an improved brand image. This is in contrast to the sustainability actions implemented by the majority of companies currently reducing their environmental impact. These actions typically include solutions that have a short implementation period and only impact on the surface of the company’s operations. This is referred to as “surface sustainability”. “Embedded sustainability” strategies must be deeply integrated in the company’s operations as they directly impact on the behaviour of the organisation’s stakeholders. One drawback is that as a consequence of this stakeholder interaction, these strategies take longer to be implemented and thus require support from all levels of the organisation. The primary purpose of these strategies is to considerably reduce environmental impact, however as a by-product they can achieve significant long term financial results while also yielding reductions in short term operational and capital expenditure. The tangible financial and environmental benefits of these actions are highlighted through a wide range of innovative international case studies. The key concepts discussed in this paper are most applicable to companies that produce tangible products, rather than services companies, and thus consume materials and manage a supply chain. It is anticipated that the majority of the lessons learned from the case studies are adaptable and scalable and thus can be transferred across organisations.
This document discusses energy efficiency in industry. It notes that energy efficiency means using energy in the most cost effective way to minimize waste and reduce primary energy consumption. Some key benefits of energy efficiency for industries include lower costs, increased competitiveness, and a reduced environmental impact. However, there are also barriers to implementing energy efficiency such as a lack of awareness, perceived risks, and an absence of technologies. The document explores various approaches to improving energy efficiency, including passive measures like efficient lighting and active measures like automation and regulation. It also discusses concepts like energy benchmarking, energy service companies (ESCOs), and the synergies between energy efficiency and renewable energy.
The document discusses opportunities for commercial building energy efficiency in the Midwest. It describes MEEA, a non-profit organization serving 13 Midwest states that promotes energy efficiency. MEEA has over 140 members from various sectors and a staff of 30 based in Chicago. The document outlines MEEA's role in designing programs, evaluating technologies, and advancing policy. It then discusses opportunities to deliver advanced efficiency segmentation and marketing, unlock savings in underserved building segments, and harness operational savings through approaches like retro-commissioning.
Energy audit and career opportunities -EnSaveDharmalingam P
This presentation addresses the general aspects of Energy Management and Energy auditing practices in India and career opportunities for upcoming Engineers(Electrical, Mechanical, Chemical, Civil, Energy )
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Presentation "Energy Efficiency – Realising the potential: A set of teaching resources that educators can use to develop two-hour Interactive Seminars on energy efficiency for accountants and business managers" 9 May 2012
1. Energy Efficiency –
Realising the potential
THINK.CHANGE.DO
A set of teaching resources that educators can use
to develop two-hour Interactive Seminars on energy
efficiency for accountants and business managers
9 May, 2012
2. Referencing this material
> This material has been developed by UTS Business
School and is supported by the NSW Government as
part of the Energy Efficiency Training Program.
> If using this material please acknowledge as follows:
– Benn, S., Brown, D., Brown, P., Crittenden, P., and
Krithinakis, A., 2012. Leadership & Change for Energy Efficiency in
Accounting & Management – Interactive Seminar Training Materials.
The project is supported by the NSW Government as part of the
Energy Efficiency Training Program.
3. Using this material
> This slide set and notes are intended to be used by
trainers and educators as a resource to develop
teaching materials on energy efficiency.
> Examples of the way in which these materials have
been adapted for particular target audiences are
available from www.business.uts.edu.au/energyefficiency
4. Disclaimer
> This presentation presents the views of the authors, and
not the views of UTS, or any other party.
> This presentation is for educational purposes only and
does not contain specific or general advice.
> Please seek appropriate advice before making any
financial decisions.
> Reference list is provided at the end of the presentation
5. Contents of the slide pack (1 of 2)
1. About the project: Leadership & Change for Energy
Efficiency in Accounting & Management
2. Introduction to the interactive seminars
3. Energy Efficiency – Business risks & opportunities
4. How leading organisations are responding to energy
efficiency – Business risks and opportunities
5. Barriers to energy efficiency improvement
6. Contents of the slide pack (2 of 2)
6. Energy efficiency – actions accountants & business
managers can take
7. Insights from „The Business Case and Beyond‟
Project
8. Questions to support interactive group work
9. Next steps
7. 1. About the project: Leadership & Change
for Energy Efficiency in Accounting &
Management
THINK.CHANGE.DO
8. ‘Leadership & Change for Energy Efficiency in
Accounting & Management’ project funding
> Office of Environment and Heritage NSW funding
> The „Energy Efficiency Training Program‟ aims to
support the development and delivery of higher
education courses that enhance energy efficiency
knowledge and practice
> All project materials are publicly available
9. Key Project Partners
> UTS Business School
> Ernst & Young
> Chartered Institute of Management Accountants
(CIMA)
> Westpac
> TAFE NSW, Sydney Institute
10. Project
Overview Training Needs Analysis
Interactive seminars
C-suite webinar Evaluation
Teaching
cases Modular 2-day course
Integrated university
offerings
11. Training Needs Analysis – Key Themes
> Organisational response to energy efficiency needs
to be cross-disciplinary
– Accountant as business partner
> Soft skills as well as analytical/ technical skills are
important
– Communication
– Influencing others
– Partnering
– Change management
– Team building
– Problem solving
12. Training Needs Analysis – Key Themes
> The rationale for action/ importance of Energy
Efficiency is a fundamental starting point
> Application/ approach will vary across:
– Public and private sector
– Type of industry sector
– Firm strategy
– Firm culture
13. Training Needs Analysis - Skills
Soft Energy Efficiency Fundamentals
Skills
Developing the business case for an Energy Efficiency project
Extending accounting tools to an Energy Efficiency context
Modifying information systems to support Energy Efficiency
Budgeting & Finance
15. Interactive Seminar - Aim
> To explore the role that accountants and business
managers play in managing risk and delivering
opportunities through energy efficiency in business
16. Interactive Seminar - Outcomes
> By the end of the seminar you will:
– Learn from others about energy efficiency and the
role that accountants & business managers can
play
– Share your own experience
– Identify additional actions that you could take to
drive energy efficiency improvement in your
organisation
18. What is Energy Efficiency?
> Energy efficiency primarily refers to end-use
efficiency
> It involves delivering equal or greater levels of
“energy services” with less energy supply
> Energy services include
cooling, heating, lighting, driving motors, operating
equipment and appliances
Dunstan et al. 2011, p.10
19. Global sources and use of energy
19
http://www.newscientist.com/data/images/ns/sreport_
graphic/energy-fuels-mg18725151500.jpg
21. 62 units lost
2 units lost
The boundary
100 units of
energy input
The electricity
supply chain
34 units lost
2 units of light energy Adapted from: National Academy
delivered of Sciences 2008, p. 8
22. The boundary
Energy efficiency example
End-use energy
efficiency delivers
benefits across the
electricity supply chain
Adapted from: National Academy of Sciences 2008, p. 8
23. Four key business risks that energy
efficiency can address
> Cost containment
> Carbon pricing
> Compliance with legislation
> Licence to operate
24. Business risk: Cost containment
> Electricity prices are rising
> Oil price highly variable
Energy efficiency is effective in
reducing the business impact of
rising and variable energy costs
27. Business Risk: Carbon pricing
> From July 2012 - carbon price of
$23 a tonne, 2.5% increase p.a
> Fixed for 3 years then market-based
> Direct liability = Direct costs
> Increased costs in the supply chain
= flow through impact on your business
Energy efficiency is the most cost-
effective way of reducing the
impact of a price on carbon
28. Business Risk: Compliance with legislation
> Some relevant current legislation:
– National Greenhouse and Energy Reporting Act 2007
– Energy Efficiency Opportunities Act 2006
– Renewable Energy (Electricity) Act 2000
– Building Energy Efficiency Disclosure Act 2010
– Energy and Utilities Administration Act 1987
– NSW Water and Energy Savings Action Plans
– Competition and Consumer Act 2010 (formerly Trade
Practices Act 1974)
– And other accounting, reporting, and auditing
standards
29. Business Risk: Compliance with legislation
(con’t)
> Exposure draft ISAE 3410 Assurance Engagements
on Greenhouse Gas Statements
> Environmental Claims in Advertising and Marketing
Code
> ISO and other quality assurance guidelines
Legislative compliance associated with
energy efficiency and greenhouse related
issues is increasingly complex
30. Business Risk: Licence to Operate
Some stakeholder perspectives:
> Investors – Can energy efficiency provide a proxy
indicator of good management?
> Community – Why isn‟t this organisation acting on
cost effective opportunities to reduce greenhouse gas
emissions?
> Regulators – Perceived market failures justify
intervention
Organisational stakeholders are increasingly
aware that energy efficiency has important
business, environmental and social benefits.
31. Other business drivers and opportunities
> Your competitors are doing it!
See public reports from companies in the
Energy Efficiency Opportunities program to
compare your performance
www.energyefficiencyopportunities.gov.au
See the Carbon Disclosure Project
www.cdproject.net
33. 4. How leading organisations are
responding
THINK.CHANGE.DO
34. Example - The GPT Group
Source: Accessed 6/9/11 from www.gpt.com.au/content.aspx?urlkey=Energy
35. Example - The GPT Group (con’t)
> Senior management support The GPT
Group have
> Appropriate resourcing
put the right
> Data measurement and reporting systems in
> Staff recruitment and training place to deliver
> Performance management system results.
Energy Efficiency is considered an opportunity
to create a competitive advantage.
Source: http://eex.gov.au/energy-management/the-business-case-and-beyond/
industry-case-studies/
36. Example - Linfox Australia
Source: Linfox Energy Efficiency Opportunities Public Report 2010, p. 17
37. Example - Linfox Australia
Source: Linfox Energy Efficiency Opportunities Public Report 2010, p. 17
38. 5. Barriers to energy efficiency
improvement
THINK.CHANGE.DO
39. Many cost effective energy efficiency
projects are available ... But are not
being implemented …
Source: McKinsey & Company, 2008.
Why is this so?
40. Barriers to energy efficiency improvement in
business
Dunstan et al. 2011, p.10
41. Example – Split incentives in the real estate
sector
Source: WBCSD 2009, p. 12
42. 6. Energy efficiency – actions accountants
and business managers can take
THINK.CHANGE.DO
43. Energy Efficiency Fundamentals
- Establish your energy base case
> Not just the level of energy
> It is the expected level of energy, for an expected
level of activity
> Expected Energy = Fixed Energy + Variable Energy * Activity
> How is this different from estimating „predetermined
overhead rates‟?
– Units are different ($ and kilowatt-hours or Giga
Joules)
– Energy complies with the laws of thermodynamics
(unlike people)
44. Establish your energy base case
> Estimation methods are similar to cost accounting:
– Regression Analysis
– Modelling/ simulation (like input/ output analysis)
– Short term metering
– Long term metering
> Engineering models and equipment are used, so
work with a specialist
– e.g. Consider the effect of weather on demand for energy
45. It is important to clearly identify
organisational activities and boundaries
> Information „should‟
link with existing
accounting structures
> Base line review is
likely to reveal
opportunities, which
will justify further
expenditure as
opportunities become
known Source: RET 2008
46. It is important to clearly identify organisational
activities and boundaries (cont’d)
> We are familiar with the value chain approach, and the
benefits of linking resources consumption with activities
> Figure of generic value chain (Porter, 1985) sourced from Cooremans (2011)
47. Energy Base case information
> Here are some examples of the type of information
useful for identifying EE opportunities Source: RET 2008
48. Developing the business case for an energy
efficiency project
> Clear identification of the costs and benefits
– Translated into NPV, IRR, Payback etc
– Opportunity cost
> Identifying direct costs and cost savings may rely on
engineering analysis, as well as cost analysis
– e.g. A process change effect on your base case
and on demand for labour
> All costs and benefits should be included
– Information value, strategic value
49. For example
> A building in NT implemented a range of EE projects
Total Annual Consumption for 04/05 in kWh: 1,605,138
Total Annual Consumption for 05/06 in kWh: 1,597,135
Naive Energy Saving in kWh: 8,003
> Linear regression was used to control for differences
in weather (the base year had a cool summer)
Total Annual Consumption for 04/05 in kWh: 1,775,546
Total Annual Consumption for 05/06 in kWh: 1,597,135
Energy Saving in kWh: 178,411
Difference is a 10% saving vs a 0.5% saving in energy
50. Hints
> Start simply, and do something:
– Find out what is happening in your
organisation
– Review electricity statements for different
facilities
– Review energy supply contracts
51. Some suggested places to start
> Revisit your energy accounting system
– http://www.ret.gov.au/energy/efficiency/eeo/resmaterial/esmg/Pages/default.a
spx
> Set up a register and systems to identify and manage energy
efficiency opportunities
– http://www.ret.gov.au/energy/efficiency/eeo/resmaterial/csm/Pages/default.as
px
> Obtain subsidised energy audits (for some NSW firms)
– http://www.environment.nsw.gov.au/sustainbus/energyauditing.htm
> Visit our website
– http://www.business.uts.edu.au/energyefficiency
52. Hints
> Organise data to match current
reporting systems
– e.g. batch vs process costing; KPIs
> Let people know what you are doing and
make data transparent
53. Hints (cont.)
> Conduct an energy information audit:
– Ensures your organisation captures new
knowledge
> Find champions in each major facility and
department and let them loose with some
decision making rights
54. Developing the business case for an energy
efficiency project
> Improved product > Product quality
quality
> Increased reliability > Greenhouse gas
in production reductions
> Improved > Safety
temperature control
> Improved reputation
Include all business costs and
benefits to increase the chance of
success
55. Useful information for preparing the
business case
> Costs are easier to identify than benefits
– Labour, equipment, consultants etc
> To assist in the identification of benefits, we have
provided a checklist:
– The 6 key drivers of EE discussed in the
beginning of the presentation
– a list of benefits identified in reviews of the
literature (Worrell et al 2003; Cooremans, 2011)
• See additional slides at end of presentation
56. Building the Business Case – A new method
for evaluating energy efficiency projects
> There are a number of problems with how some
organisations evaluate energy efficiency projects
– Exclusion of relevant cost and benefits
• Lack of education
• Difficulty in assessing
– Not making the link between the project and the firm‟s
strategy (Cooremans 2011)
– Risk of project is not assessed/ presented well
• Using firm-level hurdle rates (rather than risk adjusted)
• Consider best vs worst case
– Using payback period as a key decision tool
57. What is wrong with payback and NPV?
Project Scenario: A B C D E
Initial Investment $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ 100,000
Life of project (years) 10 10 15 15 15
First year cash profit $ 25,000 $ 25,000 $ 25,000 $ 17,500 $ 17,500
Yearly growth rate for cash profit
0% 0% 0% 5.0% 5.0%
Hurdle Rate 15% 8% 15% 15% 8%
Payback Period (years) 4.00 4.00 4.00 5.20 5.20
Net Present Value (NPV) $ 25,469 $ 67,752 $ 46,184 $ 30,289 $ 101,037
Equivalent Annual Cashflow
(EAC)
$ 5,075 $ 10,097 $ 7,898 $ 5,180 $ 11,804
58. Mutually Exclusive Projects with Unequal
Lives
In many cases a choice will need to be made between projects that have
differing lives.
The Equivalent Annual Cashflow method (EAC)
Equivalent annual cashflow (EAC) is the calculation of an annuity value
having the same term, rate of return and net present value as the project
that it represents.
To determine the Equivalent Annual Cashflow (EAC) of a project:
1. Calculate the NPV of the project‟s cashflows.
2. Divide the NPV by the annuity factor relating to the time in years
and the relevant Discount Factor to determine an annual cashflow
figure.
That is, the EAC of a project is calculated by dividing the NPV of the
project by the annuity factor, relevant to the project life and the company‟s
cost of capital (refer to the calculation of the „PMT‟, i.e. Payment, function
using Excel).
Source: Pazmandy, G. and Brown, P. J. (Ed), 2008.
59. Illustrative Example - EAC
Using two projects, Project A has a life of 2 years, and Project B with a life of 3 years. The
company‟s cost of capital is 10%. Cash flows are as follows:
Project A Project B
Initial Cost -$4,800 -$8,200
Annual After Tax Cash Inflows:
Year 1 +$3,000 +$3,500
Year 2 +$3,000 +$3,500
Year 3 +$0 +$3,500
Cost of Capital 10%
Solution to Illustrative Example - EAC:
To select the most profitable project, they will need to be transformed to a uniform time
period to enable the comparison to be effected.
Step 1 Calculate the Net Present Value of the Project
Project A Project B
Project Net Present Value = +$406.61 +$503.98
The above NPVs are not comparable as Project A is for 2 years, whereas Project B has
a 3 year life. To enable the comparison, the NPV has to be converted to an Equivalent
ANNUAL amount.
Source: Pazmandy, G. and Brown, P. J. (Ed), 2008.
60. Illustrative Example – EAC (cont’d)
Step 2 Convert the Net Present Value to an Equivalent Annual Cashflow
amount using the PMT (Payment) function in Excel or the
formula
• Equivalent Annual Cashflow = NPV/ Annuity PV Factor
• Project A has a useful life of 2 years
– The Annuity PV factor for 2 years is 1.7355
– Therefore: 406.61 / 1.7355 = 234.29
• Project B has a useful life of 3 years.
– The Annuity PV factor for 3 years is 2.4869
– Therefore: 503.98 / 2.4869 = 202.66
Project A Project B
Equivalent Annual Cashflow = $234.29 $202.66
Using the EAC method, Project A has the higher positive EAC and
would be accepted in preference to Project B. Note that this is
consistent with the decision made using the lowest common multiple
time period method.
Source: Pazmandy, G. and Brown, P. J. (Ed), 2008.
61. The Brown Marginal Abatement Cashflow
Curve (BMACC)
> Extends the Marginal Abatement Cost Curves (MACC), such as
the McKinsey MACC, which we have seen used in practice
> Different (better) to other MACCs because:
– Uses Equivalent Annual Cashflow, not NPV or payback
– Includes a risk distribution
– Includes unique colour coding scheme
– Includes other information
> Creative Commons licence
62. The Brown Marginal Abatement Cashflow
Curve (BMACC) (cont.)
160
better
Brown Marginal Abatement Cashflow Curve (BMACC)
140
Equivalent Annual Cashflow*
or Project F Strong Strategic alignment
120
Medium Strategic alignment
100 Weak Strategic alignment
80
60
40
or Project A
20
6 yr life
2 yr life 3 yr life 4 yr life 5 yr life 6 yr life 7 yr life 1 yr life
0
Project A Project B Project C Project D Project E Project F Project G
-20
-40
-60
worse GHG Emissions Abatement (per year)#
Source: Brown, P. J., Brown Marginal Abatement Cashflow Curve (BMACC), UTS Business School, URL:
http://www.business.uts.edu.au/energyefficiency/project-material.html'
63. Controlling performance using budgets and
variance analysis
Environmental and social performance can be controlled using standard
Management Accounting technology such as budgets, in the same way as
economic performance is controlled
Project evaluation budget: Economic, social and environmental impacts of possible
projects are identified and considered during project evaluation. This involves
doing a forecast and budget, and consideration of the strategic value of each
project.
Formal budget: Once projects have been selected, a formal budget is prepared, this
includes who is responsible for which tasks, the setting of targets and reward
structures.
Project enacted: The project is enacted, and data is collected to allow management to
track progress.
Variance analysis: At intervals (monthly, quarterly, yearly), the budget is compared to
actual results using variance analysis. Variances are investigated and action taken
to enhance performance.
64. Developing an energy budget using multiple
regression
Example: Using multiple regression, Coles has identified that total energy usage is
distributed between three main activities with the following activity drivers:
kWh per Activity Activity Activity Driver
52,121 Fixed Usage -
558 Lighting Selling area (m2)
852 Refrigeration Volume Cool with no doors(m2)
922 Refrigeration Volume Frozen with doors (m2)
719,103 Air conditioning No entrance air lock
Therefore, the multiple regression model is:
Total Electricity Usage (kWh) = 52,121 +
558 x Selling area (m2) +
852 x Cool with no doors (m2) +
922 x Frozen with doors (m2) +
719,103 x No entrance air lock
Adapted from RET 2008
65. Example (cont’d)
Coles wishes to assess the total electricity usage of store 2 using the following
information:
Selling area (m2) = 3500
Cool with no doors (m2) = 650
Frozen with doors (m2) = 340
No entrance air lock = False (0)
Calculate the total electricity usage for the Coles Gisborne branch.
Total Electricity Usage (kWh) = 52,121 + 558 x 3500 + 852 x 510 + 922 x 310 +
719,103 x 0 = 2,872,401 kWh
Therefore, if energy costs were expected to be 20c per kWh for the next year, the
budget for store 2 would be: $545,092 (2,725,461*0.2)
Adapted from RET 2008
67. Variance Analysis using dollars
> Construct an energy budget model
– Probably with some engineering assistance
> Apply well known variance analysis formulae
Energy Price Variance = Actual kWh*(Actual Price – Standard Price)
Energy Variance = Standard Price*( Actual kWh – Budgeted kWh)
> Standard price is your budgeted price
68. 7. Insights from ‘The Business Case and
Beyond’ Project
THINK.CHANGE.DO
Note: These slides on the project „The Business Case and Beyond‟ have been
adapted from a presentation first developed by Patrick Crittenden for the Energy
Efficiency Opportunities Workshops in September 2011. The project was funded
by the Australian Government, Department of Resources, Energy and Tourism.
Case studies and other material on the „The Business Case and Beyond‟ project
are available at www.eex.gov.au/energy-management/the-business-case-and-
beyond/.
69. ‘The Business Case and Beyond’ project
Companies involved:
> Rio Tinto Iron Ore
> Australia Post
> Ron Finemore
> Centennial Coal Co.
Transport
> Downer EDI Mining
> Foster‟s Group > Simplot Australia
> Linfox > Spotless Group
> National Australia Bank > Sydney Water
> New Hope Corporation > The GPT Group
> Newmont Asia Pacific
> Woolworths
Adapted from: www.eex.gov.au/energy-management/the-business-case-
and-beyond/
70. The question…
What do you do that helps get
support and resources for
energy efficiency projects?
71. 1. Link your project to business priorities
> Piggyback on whatever is „hot‟ in the
business right now
> Solve an existing problem through your
„energy efficiency project‟
> Use compliance requirements to drive
change
Adapted from: www.eex.gov.au/energy-management/the-business-case-
and-beyond/
72. The GPT Group:
530 Collins St Melbourne Upgrade
Source: http://eex.gov.au/case-study/the-gpt-group-energy-performance-
contracting-for-cogeneration-and-energy-efficiency-initiatives-at-530-
collins-st-melbourne/
73. The GPT Group:
530 Collins St Melbourne Upgrade (cont.)
Source: http://eex.gov.au/case-study/the-gpt-group-energy-performance-
contracting-for-cogeneration-and-energy-efficiency-initiatives-at-530-collins-st-
melbourne/
74. 2. Involve the right people
You can’t work in silos. Get the right
people with different expertise involved.
It is the only way to build a credible
business case for a project .
75. Ron Finemore Transport:
Modification of trailers on bulk tipper trucks
Benefits:
> The same amount of product is transported with 74
fewer truck trips/annum, resulting in 72,000 avoided
truck kilometres travelled
> 38,000 litres of fuel saved per annum
> Shared financial benefits for the customer and Ron
Finemore Transport
> Reduction in greenhouse gas emissions of 103
tonnes CO2e-/per annum
> Benefits to the community through fewer truck
movements.
Adapted from: http://eex.gov.au/case-study/ron-finemore-transport-increasing-payload-capacity-on-bulk-tipper-
trucks/
76. 3. Communicate with decision makers early
> Use existing communication forums such as
management meetings
> Use the right „business speak‟
> Use clear and focused messages and
questions
Adapted from: www.eex.gov.au/energy-management/the-business-case-
and-beyond/
77. 4. Identify and manage project risks
Thinking about a project from a risk
perspective helps you reduce the chance of
unforeseen things happening…it demonstrates
that you have thoroughly thought the project
through
78. 5. Consider all business costs and benefits
> Cost reduction > Product quality
> Salvage value > Greenhouse
> Maintenance gas reductions
benefits > OH&S
> Deferred
CAPEX > Corporate
> Productivity reputation
Source: Worrell, E., Laitner, J., Ruth, M., & Finman, H., 2003
79. 6. Identify funding options
> R&D tax breaks
> Government funding
> Energy performance contracting
> Internal energy funds
See: http://eex.gov.au/energy-management/the-business-case-and-beyond/
developing-your-business-case-six-strategies/consider-a-range-of-funding-options/
80. Six key strategies
See: http://eex.gov.au/energy-management/the-business-case-and-beyond/
developing-your-business-case-six-strategies/consider-a-range-of-funding-options/
81. Some unexpected answers
This is what we do to influence our
company culture, systems and
processes to improve the success-
rate of future projects…
82. 1. Monitor, verify and promote success
> Budget for monitoring & verification as part
of the the business case proposal
> Leave room to deliver more than you
promise
> Make sure the right people know what has
been achieved and keep it on record
See: http://eex.gov.au/energy-management/the-business-case-and-beyond/
influencing-company-culture-systems-and-processes/monitor-verify-and-promote-successful-projects/
83. 2. Regularly brief management
> Business drivers, risks and opportunities
change – keep managers informed
> Communicate information about what your
competitors are doing (or not!)
> Use relevant graphs and statistics – for
example, how well you are tracking towards
targets
See: http://eex.gov.au/energy-management/the-business-case-and-beyond/influencing-company-culture-
systems-and-processes/regularly-brief-management-on-energy-risks-and-opportunities/
84. 3. Adapt project approval processes
Consider:
> Combining smaller projects into one larger
project
> Establishing an internal fund for energy
efficiency projects
> Adding questions on energy impacts to
capital expenditure approval processes
See: http://eex.gov.au/energy-management/the-business-case-and-beyond/influencing-company-
culture-systems-and-processes/streamline-and-adapt-project-approval-processes/
85. An important message…
Get the technical detail right
(engineering and accounting)
AND
Develop strategies to
“win friends and influence people”
(getting support and resources for
anything
is a political process!)
86. 8. Questions to support
interactive group work
THINK.CHANGE.DO
87. The exercise is to be introduced by
the facilitator/ MC.
Ask participants to spend 5-10
minutes in pairs or triads
discussing the questions.
88. Interactive exercise #1
> How is energy efficiency managed in your
organisation?
> What are some of the challenges?
> What results have been achieved?
89. Interactive exercise #2
> What role do you play in progressing your company‟s
energy efficiency performance?
> How else could you contribute to progressing your
company‟s energy efficiency performance?
91. Where to find helpful information about
energy efficiency
> All teaching resources are available from
www.business.uts.edu.au/energyefficiency
> NSW and Federal Government provide training and
education materials.
– For example, see:
www.environment.nsw.gov.au/
www.energyefficiencyopportunities.gov.au
92. Further training options
> NSW and Federal Government provide training and
education materials:
http://www.environment.nsw.gov.au/sustainbus/greenskills/eneftraining.
htm
> NSW government has also provided information on
where to access training. See:
https://www.training.nsw.gov.au/programs_services/funded_apl/ssp/gs
bi.html
93. Where to from here
> Some suggested places to start:
– Revisit your energy accounting system
http://www.ret.gov.au/energy/efficiency/eeo/resmaterial/esmg/Pag
es/default.aspx
– Set up a register and systems to identify and
manage energy efficiency opportunities
http://www.ret.gov.au/energy/efficiency/eeo/resmaterial/csm/Page
s/default.aspx
– Obtain a subsidised energy audit (for some NSW
firms)
http://www.environment.nsw.gov.au/sustainbus/energyauditing.ht
m
94. References
> Australia Industry Group 2011. Energy shock: confronting higher prices.
> Bureau of Meteorology & CSIRO. 2010. State of the Climate.
> Benn, S., Brown, P., Brown, D., Crittenden, P., and Krithinakis, A., 2011, Leadership & Change for Energy Efficiency in
Accounting & Management: Training Needs Analysis, Version 1.0, September 2011, Report for the Office of
Environment and Heritage NSW.
> Brown, P. J. 2012, Brown Marginal Abatement Cashflow Curve (BMACC), UTS Business School, URL:
http://www.business.uts.edu.au/energyefficiency/project-material.html
> CIMA. 2010. Accounting for climate change. How management accountants can help organisations mitigate and adapt
to climate change, September 2011
http://www.cimaglobal.com/Documents/Thought_leadership_docs/cid_accounting_for_climate_change_feb10.pdf
> Cooremans, C, 2011, Make it strategic! Financial investment logic is not enough, Energy Efficiency, vol. 4, No. 4, pp.
473 – 92
> Crittenden, Patrick and Helen Lewis 2012, The Business Case and Beyond, report developed for the Australian
Government Department of Resources, Energy and Tourism, accessed April 2012, < http://eex.gov.au/energy-
management/the-business-case-and-beyond/ >.
> Crittenden, Patrick and Helen Lewis. 2011. „Accelerating the uptake of energy efficiency in industry - a case study of the
Australian energy efficiency opportunities program‟, pp. 795-805 in Energy efficiency first: The foundation of a low-
carbon society, European Council for an Energy Efficient Economy 2011 Summer Study, Belambra Presqu'île de
Giens, France.
> Department of Resources, Energy and Tourism (RET) 2008, Energy Savings Measurement Guide. Canberra.
95. References
> Dunstan, Chris, Katie Ross, and Nicole Ghiotto. 2011, Barriers to Demand Management: A Survey of Stakeholder
Perceptions, research report prepared for the Australian Alliance to Save Energy by the Institute for Sustainable
Futures, University of Technology, Sydney.
> Geoscience Australia 2010, Australian Energy Resource Assessment. Commonwealth of Australia.
> Hoffman, A. 2010, Carbon Strategies: How leading companies are reducing their climate change footprint, The
University of Michigan Press.
> International Energy Agency 2011, World Energy Outlook .
> Linfox 2010, Energy Efficiency Opportunities Public Report 2010, viewed April
2012, www.linfox.com/~/media/Documents/PDF/Linfox_EEO%20Act%20PR%202010%20Appendix%20small.ashx
> McKinsey & Company 2008. An Australian Cost Curve for Greenhouse Gas Reduction, McKinsey &
Company, Melbourne.
> Newell, Graeme, John MacFarlane, and Nils Kok 2011. Building Better Returns'. A study of the Financial Performance
of Green Office Buildings in Australia. Research by the University of Western Sydney Australia and the University of
Maastricht Netherlands in conjunction with Jones Lange LaSalle and CBRE for the Australian Property Institute and the
Property Funds Association of Australia.
> National Academy of Sciences 2008. What You Need to Know About Energy. viewed April 2012, <
http://www.nap.edu/catalog.php?record_id=12204>.
> Pazmandy, G. and Brown, P. J. (Ed) 2008, Readings in Business Analysis, 2nd Edition, McGraw Hill Custom
Publishing.
> Porter, M. E., 1985, Competitive advantage. New York: Free.
96. References
> Productivity Commission 2011, Performance Benchmarking of Australian Business Regulation: Planning, Zoning and
Development Assessments, viewed April 2012, <
http://www.pc.gov.au/projects/study/regulationbenchmarking/planning/report >
> Reinaud, Julia, Amelie Goldberg, and Vita Rozite 2012, Policy Pathway on Energy Management Programmes for
Industry: Gaining Through Saving, OECD/IEA and IIP, Paris.
> Sustainability Victoria 2010, Energy Efficiency Best Practice Guide Lighting, viewed April 2012, <
http://www.resourcesmart.vic.gov.au/documents/BP_Lighting_Manual.pdf>
> RET 2008, Energy Savings Measurement Guide. Australian Government Department of Resources, Energy & Tourism
(RET), Canberra.
> RET. 2010. Energy Efficiency Opportunities: Representative Assessment Guide, Australian Government Department of
Resources, Energy & Tourism (RET), Canberra.
> RET 2011. Continuing opportunities. Energy Efficiency Opportunities program - 2010 report. A look at results for the
EEO program 2006 - 2010. Australian Government Department of Resources, Energy & Tourism (RET), Canberra.
> The GPT Group 2011, Sustainability Report 2011. Viewed September
2011, www.gpt.com.au/content.aspx?urlkey=Energy.
> Total Environment Centre 2010. Demand management and energy policy development: A case study of New South
Wales.
> World Business Council for Sustainable Development (WBCSD) 2004, Facts and trends to 2050.
> World Business Council for Sustainable Development (WBCSD) 2009, Transforming the Market: Energy Efficiency in
Buildings.
> World Economic Forum 2010. Energy Vision Update 2010. Towards a more energy efficiency world.
> Worrell, E., Laitner, J., Ruth, M., & Finman, H. 2003, Productivity benefits of industrial energy efficiency
measures, Energy, 28(11), 1081–1098.
98. Some sources of competitive advantage from EE: REDUCED
RISKS (from Worrell et al 2003 and Cooremans, 2011)
> Reduced hazardous waste
> Reduced dust emissions
> Reduced CO, CO2, NOx, Sox emissions
> Increased facility reliability
> Reduced wear and tear on equipment /machinery
> Decreased liability
> Legal risks
> Carbon & energy price risks
> Disruption of energy supply
> Commercial risk
99. Some sources of competitive advantage from EE: REDUCED
COSTS (from Worrell et al 2003 and Cooremans, 2011)
> Use of waste fuels
> Reduced product waste
> Reduced waste water
> Materials reduction
> Increased product yield
> Improved equipment performance
> Shorter process cycle time
> Reduced dust emissions
> Reduced CO, CO2, NOx, SOx emissions
> Reduced wear and tear on equipment, machinery
100. Some sources of competitive advantage from EE: REDUCED
COSTS (from Worrell et al 2003 and Cooremans, 2011)
> Decreased liability
> Reduced need for personal protective equipment
> Improved lighting
> Reduced turnover, absenteeism and health costs
(improved worker morale, reduced noise, improved
air quality and temperature control)
> Reduced needs for engineering controls
> Lowered cooling requirements
> Reductions for labor requirements
> Delaying or reducing capital expenditure
> Additional space
Editor's Notes
At then end of the presentation we have a comprehensive list.
EEP Selling area - http://www.pc.gov.au/__data/assets/pdf_file/0011/108866/09-planning-appendixh.pdf
EEP Selling area - http://www.pc.gov.au/__data/assets/pdf_file/0011/108866/09-planning-appendixh.pdf