Experts predict Australia’s air-conditioning costs will surpass $12 billion in 2023, sparking calls for a new approach to cooling and heating buildings efficiently
Air-conditioning comprises 15 per cent of the total power generated in Australia, and Sam Ringwaldt, CEO and co-founder of Melbourne-based climate tech startup Conry Tech, estimates power bills for cooling and heating in Australia will exceed $12.4 billion in 2023 – a significant rise of $2.5 billion from 2020.
