Businesses should receive incentives to become more green says Policy Exchange.
The new report suggests that the UK Government should push energy efficiency by linking Energy Performance Certificates with business rates.
The approach is two-fold – business productivity is increased while carbon emissions are greatly reduced.
The report states that the current Energy Saving Opportunity Scheme is not working effectively and could be further extended for public sector use.
This green expansion will then allow institutions such as the Ministry of Defence and NHS to benefit from the scheme and reduce costs.
It is suggested that the scheme will offer expertise certification and financial benefits for public and private groups. Allowing for more energy saving measures to be introduced.
This will ultimately allow for more energy saving measures to be introduced.
It also claims that a focus on landlords instead of tenants will be much more beneficial.
Landlords are more likely to be able to have a wider green effect on more properties and have more to lose by not complying.
Energy and Environment Research Fellow, Joshua Burke said: “Improving energy efficiency is amongst the easiest and cheapest ways to decarbonise our energy system.”
“It needs to be seen as a major strategic investment which is both good for the environment and good for profitability.”