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Going green 'top of the agenda' for business

Going green 'top of the agenda' for business

Going green 'top of the agenda' for business

Businesses are becoming increasingly savvy when it comes to how they can save money on their energy bills, with going green now a key priority for many companies.

According to the Carbon Trust, an impartial organisation that focuses on encouraging firms to take a sustainable approach to their operations, its clients are now looking at ways to lower their power consumption more than ever before.

One of the biggest drivers behind this growing trend is the fact that the cost of electricity has more than doubled in the last decade, giving business leaders a significant reason why this issue is in need of more thought - and investment.

So what tools are available to those who want to do something about it? Here are a few popular routes being taken at the moment.

Smart monitors

In order for organisations to correct what they're doing wrong, they first need to be able to identify where they could improve.

With this in mind, more firms are turning to smart monitors to collect data on their power consumption - when they are using more than they should be and what devices or facilities would benefit from being replaced in favour of more eco-friendly alternatives.

This approach is only set to get bigger. In the US, an initiative called the City Energy Project is currently in its early stages, which will see enormous quantities of data gathered by businesses and citizens across ten different regions to build an individual strategy for each area to enable them to become more sustainable.

If successful, those behind it are forecasting carbon emissions will be reduced by between five and seven million tonnes, while energy bills will also be cut by almost $1 billion (£600 million).

Lighting

Of course, once the source of wastage has been been established, the next step is for organisations to invest in setting those problems right.

One of the most commonly-encountered issues of inefficiency is related to office lighting - and when you look into the stats, there's little wonder why.

Older incandescent bulbs tend to lose 95 per cent of the energy they produce in heat, so it's clear to see where savings can be made.

Speaking to the BBC, Carbon Trust director of implementation Myles McCarthy said how one client - a retail outlet - managed to save around £33,000 per year as a result of investing £74,000 in LED lighting. He added payback on this sort of technology was generally between one and three years.

Self sufficiency

With solar panels becoming more available at cheaper prices, an increasing number of firms - and households - are now turning to installing them to bring their costs down over the long term.

At the moment, it takes on average between six and ten years to see a return on investment, which could mean this measure is well worth taking for those with secure plans for the future.

Switching to a fleet of electric vehicles could also prove to be a savvy move for organisations that operate within the confines of a city, especially considering the price of fuel is only likely to go one way.

The most encouraging aspect is that companies are finally opening their eyes to the importance of this issue and doing something about it instead of just talking about it. Now the ball's started rolling, it's exciting to think what new developments are just around the corner.

 

Posted by Jamie Kendall

Image courtesy of Thinkstock/Wavebreak Media