Queensland Energy Breakfast Lights the way for the Property Industry
The Property Council’s Energy Outlook Breakfast, was held on Tuesday 24th April, at the Sofitel Hotel.
Audience members heard from an expert panel, who outlined the developments and future directions for the energy landscape, and the effects it will have on the property industry.
Clare Savage, Deputy Independent Chair for Energy Security Board, addressed the strategic approach being taken to energy policy, and highlighted the importance of the National Energy Guarantee (NEG), recently developed to tackle reliability, affordability and reduce emissions.
The NEG uses Australian Energy Market Operator (AEMO) reviews to forecast the reliability of energy in each sector, ensuring the industry will be covered during peak demands.
Clare also explained the NEG encourages investment in clean, low emissions technologies, and aims to reduce emissions by 26-28%.
Following this, a panel discussion was held, moderated by Davina Rooney, General Manager Sustainability for Stockland.
The panel consisted of: David Smales, Chief Executive Officer for Energy Queensland; Paul McCartney, Chief Organisations and Transactions Officer for Clean Energy Finance Cooperation; and Laurence Lancini, Managing Director of Lancini Property and Development and Queensland President of the Property Council of Australia.
All panellists agreed energy affordability remains a major concern for the industry. Laurence emphasised, “energy bills have a huge effect on developers and large property owners, especially in the retail sector where legislation prevents charges from being passed down.”
He also addressed the complications occurring in regional Queensland, where network charges are 40% higher for large operators.
Acknowledging Laurence’s point, David added, “a significant injection of cash is needed in regional Queensland to help afford and transport energy.”
Paul emphasised supporting projects that promote affordability, along with reliability and low emissions, is of upmost importance.
All panellists agreed facilitating new technologies and developments is essential to achieve energy goals.
“This area has never been more important to the property sector” Davina stated.
The Property Council would like to thank the speakers, who participated in the Energy Outlook Breakfast, and the sponsors of our Queensland Breakfast Series, RCP.
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