1b Sadler, A. Jutsen, J. Smith, M. Pears, A et al (2014-2015) Doubling Energy Producitivty by 2030 - Technical Report and Sector Discussion Papers (4 reports) -Australian Alliance to Save Energy and Partners
In 2014, and again in 2015, the OECD, IMF, and World Bank have published warnings that a slowdown in global economic productivity is threatening to usher in a new low-growth era. OECD countries, including the USA and Australia, have been experiencing relatively poor labour and multi-factor productivity rates in most years since 2000. Hence many decision makers are currently focused on how to find new sources of productivity growth? This report shows, in detail, how a focus on energy and resource productivity improvements can enable simultaneous improvements in labour, capital and multi-factor productivity – the traditional measures of national productivity and economic growth. This report shows how, sector by sector, doubling energy and resource productivity simultaneously unlocks new sources of labour, capital and multi-factor productivity through - improved rates of production, greater labour participation, quicker returns on capital expenditure, avoided capital misallocation as well as reduced energy and resource input costs. Thus overall total productivity benefits are up to 2.5 times greater than the simple productivity benefits from reduced energy and water input costs from energy/resource productivity investments. With this understanding, this report shows, for the first time, how a global focus on doubling energy and resource productivity by 2030 could simultaneously unlock new sources of labour, capital and multi-factor productivity to boost cumulative global GDP >US$25-30 Trillion by 2030 compared to business as usual (BAU). The implications of this result are significant. For instance, the report shows how these results show that action on sustainable development, green growth and climate change could infact boost economic and jobs growth, and not harm it.