Businesses feel lack of support in low carbon growth from EU governments

As energy saving technology experts EcoAdapt (http://www.ecoadapt.co.uk) have discussed on this blog before, there is increasing pressure on European businesses to reduce their carbon emissions. However, a leading British thinktank has revealed that many of those businesses feel that there is a lack of support from governments across Europe in terms of policies to help achieve low carbon growth.

The Europe-wide ambition to reduce carbon emissions in the commercial and industrial sectors is clear, however what is not so clear is how to reach these lofty ambitions, according to the IPPR thinktank. Businesses are calling upon European governments to give clearer indications of how to meet low carbon targets, insisting that current policies do not go far enough in supporting companies when it comes to meeting their carbon reduction targets.

Given that the global environmental goods and services market is worth a staggering $3.5 trillion and is growing at a rate of 4% a year, the IPPR thinktank identified the following recommendations:

• Introduction of energy sector targets to reduce carbon emissions by 2030;
• Creation of central EU carbon bank in order to stabilise carbon prices for businesses (to replace the UK government’s Carbon Price Floor);
• Possible expansion of EU Emissions Trading Scheme to include imported energy-intensive goods;
• EU’s multi-year budget to focus more on funding for innovation;
• Introduction of new green deal for manufacturers to reduce electricity costs, with a pilot scheme specifically for small and medium sized manufacturers.

EcoAdapt takes pride in its role supporting UK business in the adoption of energy saving technology which not only helps to achieve low carbon growth but which also provides significant energy savings. Find out more about voltage optimisation and its role in this support at the EcoAdapt website at http://www.ecoadapt.co.uk.