20 Jun 2011 12:06:09
Energy efficiency slipping down corporate agenda
Executives now see energy efficiency as less of a priority, with many not planning to make investments to cut CO2
emissions this year.
According to research from T-Systems and the Economist Intelligence Unit, only 37 percent of executives view energy efficiency as a priority, the Daily Telegraph reported.
This is a reduction on the 50 percent who ranked it as a priority when the Carbon Reduction Commitment (CRC) was launched, leading to the suggestion that carbon taxes do not work.
Tim Lovejoy, head of energy and utilities for T-Systems, said energy efficiency is "slipping down the agenda" as businesses are not seeing the requisite return on investment.
He said the coalition must look to create a more "solid" framework to provide companies with "some certainty that the government won't change the rules on them".
Just 4.6 percent said they were looking to put maximum effort into complying with the CRC scheme, which is mandatory for all large public and private sector organisations, accounting for around ten percent of the country's CO2