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External investment and public goals increase energy efficiency commitment

Tue, 06/18/2013 - 18:36 -- Ruth Williams

Energy efficiency interest has risen 116% globally since 2010, according to research by Johnson Controls. They survey stated companies that set public goals make the greatest strides in reducing energy use.

The Johnson Controls global survey, called Energy Efficiency Indicator, of more than 3,000 decision-makers in 10 countries, was released at the 24th Annual North American Energy Efficiency Forum in Washington, D.C.

The report shows a steady growth in green building certification and green tenant space leasing, however 22% of participants cite a lack of funding as a limit to investment. 73% of respondents worldwide set energy reduction goals within the last year, up from 58% two years ago. Organisations that set public goals also implemented 50% more efficiency measures than institutions without goals.

Of the organisations that set public goals, 72% plan to increase energy efficiency investments and nearly a third used external financing to meet those goals. Public goals and external financing implemented 84% more efficiency measures than those without and are three times more inclined to increase such investment.

"The research shows that accountability drives action when it comes to energy efficiency and we think more companies want to find ways to be efficient. However the barriers that our research points to year after year must be resolved first," said Dave Myers, President of Johnson Controls Building Efficiency.

Global respondents identified the top policies to improve energy efficiency. Those policies include tax credits or incentives and rebates for implementing efficiency, low-interest financing for energy upgrades, stricter building codes and equipment standards, and mandatory energy performance disclosure.