Thursday, 6 December 2007

The UK Energy Problem



Recent research highlights energy efficiency is a serious threat to the Scottish business community.

  • The Uk has an Annual energy spend of £65 billion

  • Estimated that 20% (£13 billion) is wasted each year

  • In Scottish terms, in excess of £1.3 billion lost from the economy each year

  • Equivalent to 50% of the total income from the North Sea

The latest report from the International Energy Agency makes clear the scale of that challenge: that if we continue with 'business as usual', by 2030: - world energy demand will be 50 per cent higher than today with 80 per cent of this for fossil fuels;- the average oil price will remain over 60 dollars a barrel with most oil and gas coming from unstable regions; - and global carbon dioxide emissions will have risen by almost 60 per cent

Environmental issues represent an immense challenge for Businesses. But it is an even bigger opportunity.

And it falls to business community to show that they can meet and master the challenge of combining economic growth with environmental stewardship. Businesses like yourself must start planning for now.

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