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Energy efficiency could save UK firms £6bn a year

Energy minister Chris Huhne today backed a report outlining ways UK businesses can save as much as £6 billion each year through energy efficiencies, and described its findings as “incontrovertible”.

Mr Huhne said many recommendations in the Carbon Connect Energy Efficiency report, such as the recruitment of “energy champions” responsible for raising energy saving opportunities at board level, were “no brainers.”

“It’s about getting costs down and revenues up,” he said.

The report makes 14 further recommendations to government including the introduction of a mandatory greenhouse gas reporting requirement for large companies by 2012, and a single framework to be used by UK businesses to report their emissions.

It also calls on the Department for Communities and Local Government to offer local tax rebates to businesses for improved energy efficiency.

Chair of the report Lord Teverson said the UK has no choice but to wise up to the benefits of energy efficiency if commitments to cut greenhouse gas emissions by 80 per cent by 2050 are to be met.

“Energy efficiency has long been the neglected cousin of energy policy – less glamorous than renewable energy supply and rarely understood for its virtues,” he said.

“But with the potential to lower bills and improve the national security for energy supply, we need to wise up to the benefits.”

The full report can be found here.

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