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Benefits of Future Energy

Future Energy Strategy

Benefits of Future Energy
 

The prosperity of NSW depends on well-developed and extensive transport networks that move people, goods and resources domestically and offshore. Benefits of Future Energy include increasing energy security, supporting economic development, improving access to mobility, reducing traffic congestion, saving consumers money, reducing air and noise pollution and increasing public health and safety.

Reliance on liquid fossil fuels for transport is a particular concern for Australia, which imports the majority of its transport energy in the form of crude oil or refined petroleum products. A shift to locally generated renewable energy sources will improve energy security for individuals, businesses, NSW and Australia by diversifying the energy sources and reducing reliance on imported oil. Reducing fossil fuel use will also protect the NSW economy from the damaging effects of any period of rising oil prices. Embracing sustainable transport will support the economic competitiveness of NSW industry and provide opportunities for local businesses and manufacturing.

Battery-electric vehicles have zero tail-pipe emissions, improving air quality and reducing impacts on human health. A study by the American Lung Association found the widespread adoption of electric vehicles in 2030 would save US$13 billion in avoided health care expenditures and lost productivity. Electric vehicles are also considerably less noisy than internal combustion engines at low speeds. Less noise means less stress and lower long-term health risks.
Future Energy has the potential to support thousands of new jobs, many in regional areas, and create billions of dollars in economic growth between now and 2050. Much of how this opportunity will evolve remains uncertain, but there are risks in not acting early. Implementation of Future Energy will be adaptive, collaborative and flexible.

Six principles for Future Transport

The Future Transport 2056 Strategy is focused on six key principles for the future of mobility in the state, which together aim to positively impact the economy, communities and environment of NSW.

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