The Government’s newly published Clean Growth Strategy sets out a number of opportunities for SMEs across the country.
The UK played a primary role in the creation of the 2015 Paris Agreement in which, for the first time, 195 countries (representing over 90 percent of global economic activity) agreed stretching national targets to keep the global temperature rise below two degrees.
This progress has been aided by the falling costs of many low carbon technologies: renewable power sources like solar and wind are comparable in cost to coal and gas in many countries.
Energy efficient light bulbs are over 80 percent cheaper today than in 2010, and the cost of electric vehicle battery packs has tumbled by over 70 percent in this time.
As a result of this technological innovation, new high-value jobs, industries and companies have been created.
This is driving a new, technologically innovative, high growth and high value “low carbon” sector of the UK economy.
Cutting emissions across transport, business, and industrial sectors along with heating for homes and businesses could potentially lead to reduced energy bills.
The report claims that great importance has been given to making sure energy is affordable.
The Government has commissioned an independent review into the cost of energy led by Professor Dieter Helm CBE.
This review will recommend ways to deliver the Government’s carbon targets and ensure the security of supply at minimum cost to both industry and domestic consumers.
The Government is to explore how voluntary building standards can support improvements in the energy efficiency performance of business buildings, and how we can improve the provision of information and advice on energy efficiency to SMEs.
A package of measures is to be developed to support businesses in improving their energy productivity, by at least 20 percent by 2030.
The Clean Growth Strategy also claims that an Industrial Energy Efficiency scheme is also to be established to help large companies install measures to cut their energy use and bills.