Cost concerns putting companies off energy efficiency

Survey reveals most companies are making incremental progress on energy efficiency but are reluctant to authorise game-changing investments, reports Business Green.

A survey of more than 250 businesses leaders commissioned by Ernst & Young has found that while over 70 per cent of those polled had made basic improvements to temperature controls or lighting, just 12 per cent had invested in more costly energy-saving measures such as microgeneration technologies.

Almost 80 per cent identified concern over the length of time it would take for their investment to show a return as the reason for delaying further measures, while 77 per cent cited high upfront costs as a barrier to investment.

Read more on this story at Business Green.