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The Forgotten Fuel series – Putting energy efficiency to work

A collaboration between ANZ and the Energy Efficiency Council

The Forgotten Fuel series of reports is the result of a longstanding collaboration between ANZ and the Energy Efficiency Council (EEC).

The three reports explore the ways in which businesses and households can benefit from using energy efficiency as a tool to supercharge emissions reduction, save money, and improve health and wellbeing

In line with our Climate and Environment Strategy objective, the Forgotten Fuels series is one of the ways ANZ demonstrates its role as a trusted partner for our customers, supporting them to adapt and become more resilient, to a changing environment and economy.

Key insights from the series

Energy efficiency supercharges emissions reduction

  • Ramping up ambition on energy efficiency and electrification is a very cost-effective way to achieve net zero in Australia

Australia’s emissions reductions (Mt CO₂-e) to 2050 in a low-cost scenario

Source: Northmore Gordon 2023, Energy efficiency scenario modelling.

Energy efficiency can save you money

  • Energy efficiency improvements reduce businesses and households’ energy bills, whilst creating downward pressure on energy prices, lowering bills for all
  • Savings for Australia’s worst performing businesses and homes are even bigger
  • Energy efficiency upgrades can reduce energy use – and associated costs – by between 10 and 80 per cent

Common energy efficiency opportunities with average savings

Energy efficiency can improve your health

  • Improving the energy efficiency of homes and workplaces can benefit both the physical and mental health of the people living and working in them
  • Energy efficiency’s health and wellbeing benefits lead to wider productivity and economic benefits

Energy efficiency enables affordable energy systems

  • Using energy more efficiently enables the essential transition to renewables to move faster and cheaper
  • The more energy efficiency we get done now, the less new energy infrastructure we need to build

Learn more by diving into the Forgotten Fuel series

Putting energy efficiency to work – May 2023

The first report in the series, Putting energy efficiency to work, demonstrates the opportunity of energy efficiency and electrification across Australia, including analysis of research – and modelled scenarios – into the role of energy efficiency and electrification in decarbonising Australia.

The report was led by ANZ’s Institutional division.

Putting energy efficiency to work for business – May 2024

The second report, Putting energy efficiency to work for business, focuses on how small- and medium-sized businesses can reduce their energy use and advance Australia’s net zero emissions goal.

The report was led by ANZ’s Commercial division.

Putting energy efficiency to work at home – May 2025

The third report, Putting energy efficiency to work at home, highlights the opportunities of energy efficiency and electrification for households.

The report was led by ANZ’s Retail division.

Learn more on bluenotes

Explore customer stories

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Forgotten Fuel series media releases

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