I read a great article by Paddy Manning on the The Age website from Australia.
It appears that in Australia they are about to debate various carbon emission policies, like so many other countries.
This is of interest to everyone connected with Enigin, Partners and Distributors, as energy efficiency is the nature of our business.
Manning goes on to discuss the energy efficiency business, showing what a great business opportunity we have:
Ho hum, you say? No money in it? Wrong. Energy efficiency is the fastest-growing carbon abatement market, according to HSBC's recent Climate Annual Index Review. HSBC estimated that the global market for energy efficiency this year was $US164 billion ($A178 billion) and would grow to more than $US600 billion by 2020.
He also reports that many people focus on renewable or cleaner sources of power instead of energy efficiency...well read this section for yourself:
Clean coal versus renewable energy versus nuclear gets all the headlines. But the International Energy Agency expects 63 per cent of the world's emissions reductions by 2030 - needed to meet an inadequate 450 parts per million (ppm) carbon dioxide stabilisation target - will come from energy efficiency.
Manning also states that in Australia authorities estimate energy efficiency would directly account for 55 per cent of Australia's carbon abatement by 2050 - what energy experts call "plucking the low-hanging fruit".
Manning also refers to last years report by McKinsey & Co which ranked carbon abatement strategies from cheapest to dearest - the report concluded:
"Many energy efficiency strategies have a negative cost - that is, they make you money. In the commercial property sector, for example, McKinsey says we can save $130 for each tonne of carbon dioxide pollution avoided."
Manning also refers to the importance of retrofitting commercial buildings for energy efficiency:
In commercial buildings, energy efficiency retrofits routinely achieve energy savings of 40-50 per cent.
Referring in particular to the challenges in Australia, Manning also says the following:
"What is needed is a complementary mechanism to the planned CPRS (carbon pollution reduction scheme) to create an economic incentive to pursue energy efficiency - particularly in the commercial and industrial sector."
In many countries such incentives are in place, or are being seriously considered, and Manning is putting forward the suggestion for a similar scheme for Australia.
This is interesting stuff as it underlines the potential for Enigin Distributors and their own energy efficiency businesses.
There are more and more people out there who realise that energy efficiency is the key to reducing energy use and hence carbon emissions.
It also highlights what a great time it is to start and energy saving business.
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