Australia

Report says Australians could have saved $5.9 billion in fuel costs by improving efficiency standards

Adopting a different fuel efficiency standard a few years ago could have saved Australians billions of dollars in fuel costs and reduced emissions equivalent to a year’s worth of domestic flights. is revealed in a new report.

The dismal findings come as the government’s fuel excise tax — a major cost-of-living relief measure to ease pressure on Bowser — approaches its September end date.

Controversy has already erupted in the Senate Over the end of the excise tax, even though the previous coalition government voted months ago on when to abolish it.

According to a new report from the Australian Institute, if stronger efficiency standards were adopted in 2015, fuel costs could have been saved by $5.9 billion.

It was the year a major analysis of the design and impact of fuel efficiency standards was conducted by the federal government.

The former Labor government, led by Julia Gillard, promised to introduce fuel efficiency standards for mini vehicles in 2010, but it was never adopted due to the change of government in 2013.

The report also found that the standards avoided 9 million tons of carbon dioxide.

Australia could have imported 4,000ML less oil if measures had been taken, the report’s authors said.

“In 2021, 91% of all fuel consumed in Australia will be imported, of which 68% will be imported as refined crude oil and 71% of Australia’s refined fuel will be imported as crude oil and condensate. ,” the report said.

“Three-quarters (73%) of Australia’s total liquid fuel demand is consumed in the transport sector, with more than half (54%) in road transport alone.”

Richie Merzian, climate and energy program director at the Australian Institute, said ordinary Australians have been left behind.

“As a country, we are still accepting gasoline-hungry cars with no emission standards,” he said.

“This costs commuters money at the petrol pump and prevents Australia from cutting emissions.”

Fuel efficiency standards have been adopted by approximately 80% of the global vehicle market, but not in Australia.

“As fuel excise tax cuts come to an end, policy makers have the opportunity to save drivers money on petrol pumps by introducing an average efficiency standard for new cars in Australia. ,” said Merzian.

“Australian motorists are the victims of the world’s least efficient and most polluting vehicles, costing them every petrol pump.”

Melisan urged the current federal government to seriously consider policy and bring fuel efficiency standards in line with Europe.

first published as Fuel measures will cost Australians billions in Bowser over six years, new report finds

Report says Australians could have saved $5.9 billion in fuel costs by improving efficiency standards

Source link Report says Australians could have saved $5.9 billion in fuel costs by improving efficiency standards

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