This article is from the Australian Property Journal archive
THE Victorian government has re-established Greener Government Buildings Program (GGB), which it says will save up $100 million from slashing energy costs.
The GGB was scrapped under the former government in 2013.
Minister for Finance Robin Scott said the program will be funded through the recently issued Victorian Green Bonds.
The government will reboot the program with a $33 million injection, to be invested in installing new lighting technologies and upgrading heating and cooling systems at Gordon TAFE in Geelong, and Peninsula Health facilities, including the Frankston Hospital.
The program will also install solar power and highly-efficient LED lighting in hundreds of Victorian schools and regional healthcare facilities.
Scott said money saved on energy bills will repay the initial investment in just five years and will continue to save energy for years to come.
He added that the GGB will reduce greenhouse gas emissions by 25,000 tonnes each year – that is equivalent to 5500 cars or 3600 households – and save up to $100 million in the longer term.
“This not only brings environmental benefits, but it strengthens the State’s finances, saving about $6 million a year over 15 years in addition to avoided capital investment costs,” he continued.
Quotes attributable to Minister for Energy, Environment and Climate Change Lily D’Ambrosio said the program will also support over 100 new jobs in the energy
efficiency market.
Australian Property Journal
