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How going green can boost your profits

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The Government is asking businesses to do their bit to tackle climate change as part of Green GB Week (October 15th-19th).

Ministers are keen to promote the concept of ‘clean growth’ where growth in the economy goes hand-in-hand with falling CO2 emissions.

Rob Johnston, Chief Executive of Cumbria Chamber of Commerce, said: “The reality is that many of the measures the Government is pushing businesses to adopt will save us money, as well as reducing emissions.

Green GB Week“Most business are more than happy to play their part in combatting climate change but it certainly helps when acting responsibly boosts your profits.

“I’d urge businesses to look at the resources and help outlined below. It could save you money as well as helping to save the planet.”

Advice for businesses

  1. Prevent waste by reusing and recycling: Take a look at  Business in the Community’s circular office resources and out more with WRAP’s recycling guide for offices.
  2. Cut energy use: See the Carbon Trust’s report, Office based companies: Maximising energy savings in an office environment (April 2018).
  3. Get a smart meter: Smart Energy GB has more about Smart Meters, or just speak to your energy supplier directly about getting an installation.
  4. Improve your buildings: The Carbon Trust’s Building Fabric Guide (March 2018) outlines the main energy saving opportunities.
  5. Review your vehicle fleet: The Energy Saving Trust offers guidance and bespoke fleet consultancy services.
  6. Click here for information on subsidised eco driving training, which aims to reduce fuel consumption and cut accident rates.
  7. Engage with employees: View the Smart Energy GB and Carbon Trust employers’ guide to raising energy efficiency awareness.
  8. Prioritise at board level: The Energy Managers’ Association provides a useful a guide on Energy Reduction for Boards and Directors.
  9. Find out if your business can benefit from ‘green’ tax reliefs.
  10. Understand the long-term risks and opportunities of climate change for your business: Use the Taskforce for Climate Related Financial Disclosure’s knowledge hub to find out more.

Rob said: “Tackling climate change has a particular resonance for Cumbrian businesses given the extreme weather events we experienced in 2005, 2009 and 2015, which many scientists believe to be a product of global warming.

“And Cumbria is at the vanguard of the low-carbon energy revolution that is helping to reduce fossil fuel consumption.

Click here for a podcast and video on tidal energy in Morecambe Bay

“Walney Extension, off the Furness coast, is the world’s largest operational offshore wind farm, generating electricity for 600,000 homes.

“NuGen’s plan for a nuclear power station at Moorside would meet 7% of the UK’s electricity needs and there is huge potential here for tidal energy including North Tidal Power Gateways’ proposal for a combined road crossing and tidal energy scheme for Morecambe Bay and the Duddon Estuary.”

Cumbria Chamber of Commerce members have access to an exclusive range of products and services, specifically designed to reduce energy consumption and utility costs, through our partnership with Utilitywise.

For more information on Chamber Energy Solutions click here and for information on joining the Chamber click here.

Finally, a warning to businesses looking to install solar panels or other small-scale renewable energy projects.

solar panelsThe Department for Business Energy and Industrial Strategy is planning to abolish the feed-in tariff scheme from April 2019.

This is, in effect, a subsidy paid by the Government for electricity generated from renewable energy.

Ministers are committed to scrapping the ‘generation tariff’, paid for each unit of electricity generated even if it used on site.

They have also consulted on scrapping the ‘export tariff’, a bonus paid when surplus electricity is sold back to your supplier.

Scrapping the tariffs will extend the time it takes for renewable energy projects to recover their installation costs.

But the Government argues that, as renewables costs have fallen, the sector no longer needs such a generous subsidy regime.

Abolition won’t affect payments to existing installations but new installations must be commissioned by March 31, 2019, to benefit.

 

© Cumbria Chamber of Commerce

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