This study compares and contrasts Australian and global best practices in policy and regulation for the energy and carbon performance of the built environment. It examines the drivers and opportunities for, and barriers to, the adoption of best practices in Australia. Finally, and as a stimulus to debate, it proposes a potential set of optimal measures, at national, state/territory and local levels, along with an indicative pathway for their implementation.

The economics of energy efficiency programmes have been subject to considerable academic debate lasting well over three decades now. In this paper, we contribute to this debate by reviewing the costs and benefits of a specific type of policy+ instrument that recently gained significant traction in Europe – Energy Efficiency Obligations - EEOs. Following the introduction of the EU Energy Efficiency Directive in 2012 the number of EEOs in Europe has grown from five schemes to now 16 EEOs in operation or planned across the EU.