Appendix B to RIS 2009-03 - Australian Building Codes Board

abcb.gov.au

Appendix B to RIS 2009-03 - Australian Building Codes Board

• Demonstrated failures in the water heating market as it applies to new buildings;

• The likely impact of the impending CPRS on energy prices, which will magnify the

consequences of those market failures;

• The inconsistencies and limitations of present State-based regimes which attempt to

address those market failures; and

• The risk that greenhouse gas emissions from water heaters installed in new homes

will be significantly higher than if the market failures were addressed (through

regulation or other means), so increasing the demand for emissions permits under

the CPRS and raising the overall adjustment costs to the Australian economy.

W&A_HotWaterConsRIS_090827.doc 40

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