Authors
Kevin Kai Wing Yiu, Jarred Alexander Velazquez, Jose Luis Ortiz Rosero, James Edward Elmore
Sponsor
Yarra Energy Foundation
Advisors
Michael John Aghajanian, Holly K. Ault
Term
March – May 2013
Abstract
The Yarra Energy Foundation (YEF) seeks to make the city of Yarra carbon neutral by the year 2020 through a series of initiatives, one of which is a large scale energy-efficiency retrofit of its residences. We conducted an economic analysis of the costs and associated benefits of the retrofit so that YEF can inform and inspire government agencies, local companies, and residents to make the necessary investment and engage in the collaboration needed to carry out the large scale retrofit program. With 100% of the retrofits completed by 2020, we estimated that a total of $608.4 million AUD would be injected into the local economy.
Final Report
Potential Economic Impact of Large Scale Retrofitting in Yarra