A recent study by the Carbon Trust suggests that most financial heads of the largest UK companies anticipate that all organisations regardless of size will have to measure their carbon footprint (72%) and pay a price for the carbon they emit (76%). A total of 40% expect this to happen within the next decade, whilst 16% believe this will happen within the next five years.
Larger UK companies are already beginning to feel the effects of the switchover to a low carbon economy with the introduction of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme. However, as the economy begins to clean up its act, smaller companies will inevitably begin to feel the burden of green legislation in a bid to make further carbon reductions.
For organisations willing to invest in energy saving technology such as variable speed drives and high efficiency motors, the Carbon Trust offer interest free loans, meaning that you can reduce your energy costs without the burden of capital expenditure. Through the savings you achieve as a result of investing in energy saving equipment, you can pay back the Carbon Trust loans, once the loan is paid back, capital costs will fall helping anybody that invests, to boost their competiveness.
So, is their any reason not to invest?