Electrification of Everything to save $A60 bn/year by 2030

The electrification of Australia’s, and world’s, energy systems has the potential to create massive new opportunities for households to cut their energy costs and emissions footprint.

Electrification advocate Saul Griffith, the founder and chief scientist at Otherlab, Saul Griffith told the Smart Energy Conference on 8/12/21 that the electrification of Australia’s energy is vital to cut emissions and to drive significant cuts to household energy expenditure.

Griffith said the scale of savings available to households and businesses by switching appliances and vehicles could run into the tens of billions of dollars.

“By the end of this decade, we’d be seeing $40 to $60 billion a year net savings in the Australian economy by a wholesale commitment to residential electrification alone.”

Griffin said that focusing on how households and businesses use energy, and switching that energy use onto sources that can be easily supplied by renewables, has the potential to drive significant reductions in emissions.

Sourced from Renew Economy 9.12.21