UK Economy: UK Energy Efficiency Could Save Billions

By: CaraTan   Date: 25 July 2008

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25 July- British businesses can collectively save up to £2.5 billion by implementing energy efficiency schemes over the next year, according to a new analysis by Carbon Trust. Energy efficiency schemes can also help Britain cut down 22 million tonnes or about 40% of the carbon-dioxide in the atmosphere, significantly helping the global warning issue.

The Carbon Trust, which is a government sponsored independent body focusing on carbon reduction and curbing climatic change’ said that its researchers have found that companies could save £7 million per day by implementing energy efficiency schemes. The savings equate to the average wage of 100,000 employees. Hugh Jones, a director at the Carbon Trust, feels that companies seeking to cut costs should first target lowering their energy bill, rather than reducing headcount or freezing salary hikes. Out of the 850 senior executives surveyed by the Carbon Trust, about 20% stated that carbon emissions had risen to the top of their agenda, as compared to 9% who said that carbon emissions had gone down in their list. This indicates that more and more companies are implementing green technology to achieve cost savings.

According to the Carbon Trust, almost 70% of the company bosses surveyed in the UK are either actively cutting their energy expenditure or thinking of doing so. The Trust is urging the heads of these companies to seek help in reducing their energy bills and carbon emissions.

The Carbon Trust stated that just by switching off the lights in empty rooms, 15% of the lighting costs could be lowered, while lack of proper maintenance of equipment could hike energy costs by as much as 10%. In addition, leaving a single computer or monitor on throughout the day could cost more than £50 a year.

 

A recent research released by Centrica, the owner of British Gas, hints at family gas and electricity bills hitting £1,400 per year shortly. “The analysis confirms the compelling business case for urgent action to improve energy efficiency and common-sense measures like turning off lights and turning the heating down can lead to substantial reductions in firms’ energy bills,” said Neil Bentley, Director of Business Environment at the CBI, a UK-based employers’ group with offices worldwide.

 


Alternatio Cirqui, EconomyWatch.com Energy Correspondent

 

 


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