Sabien Technology encouraged with government’s intent to support direct investment in energy efficiency
Sabien Technology encouraged with government’s intent to support direct investment in energy efficiency improvements – Prime Minister David Cameron’s pledge to make the UK‘the most energy efficient economy in Europe’ will give much needed encouragement to businesses
Potential £1 billion investment to support energy efficiency drive likely to change landscape for businesses keen to reduce carbon emissions
Prime Minister David Cameron’s recent pledge (see Note1) to make the UK the most energy efficient economy in Europe has been welcomed by Sabien Technology, the manufacturer of M2G energy efficiency technology.
The prime minister’s declaration, that countries which embrace and prioritise green energy are likely to secure the “biggest share of jobs and growth in a global low carbon sector set to be worth $4tr by 2015,”
“We need a mix of low-carbon energy and energy efficiency initiatives to protect ourselves from volatile fossil fuel markets and disruption to supplies from unrest abroad”, said Sabien Technology CEO Alan O’ Brien.
“What has been the most overlooked and underrated sector is energy efficiency. Reducing energy demand will be crucial to cutting bills and managing supplies. There is already an energy source available to us - it's the energy we don't use,” he added.
“David Cameron’s speech was nothing short of a ringing endorsement of the green economy.
“A policy initiative designed to unleash wide scale adoption of energy efficiency measures for the commercial market segment has to be welcomed but it will be important for the Government to first understand the likely outcomes of these policy decisions,” said O’Brien.
“An energy efficiency policy mechanism for accelerating the deployment of energy efficiency measures is only effective if designed to achieve wide scale deployments,” added O’Brien
“We are also encouraged by government sources (see Note 2) suggesting that there could be an additional £1 billion investment to support the energy efficiency push whereby businesses "bid" directly for funding to support large-scale energy efficiency projects.
“The potential economic benefits are clear. An energy efficiency policy mechanism that is sized to the UK’s carbon reduction emission goals could produce significant advances in reducing the commercial sector’s consumption of fossils fuels – reducing C02 emissions - creating jobs and attracting investment into the sector. These key results should be carefully considered by policy makers across the political spectrum,” said O’Brien
He added: “a well-designed policy should be crafted in such a way as to limit the intensity of the boom-bust scenario the renewable FIT experienced, of which the speed and magnitude of policy changes were breath-taking.”
“Sabien’s M2G boiler optimisation technology is inexpensive to deploy with typical returns on investment within two years, and is proven to reduce carbon emissions by 10 – 25 per cent. This has an immediate and positive impact on a company’s balance sheet,” said O’Brien.
(1) Prime Minister David Cameron speech to the House of Commons, Monday 4 February 2013
(2) Report in The Independent newspaper (by Oliver Wright), Thursday February 7 2013
(3) * EU Commission announcement March 8 2011