Triple-Dip Recession Can Be Avoided by Backing Energy Efficiency

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Jan 23, 2013, 07:22 ET

LONDON, January 23, 2013 /PRNewswire/ --

Summary:

Enigin PLC has reported on Carbon Trust research that many top business executives are failing to take action to combat rising energy costs. This news arrives in tandem with figures from UK economists suggesting that without improved energy efficiency, the UK and other countries could head into a triple-dip recession.

Body Text:

Top executives from companies in Brazil, China, Korea, UK and the USA have failed to calculate the costs of ongoing energy price hikes and environmental disasters, according to the report "Are Businesses Sleepwalking into a Resource Crunch" from the Carbon Trust.

Enigin reported on the research which showed that many top executives fail to realize they need to take crucial action now to combat rising costs, including improving energy efficiency. The report also revealed that many leading executives believe they do not need to act for another 10 to 15 years. 43 percent of the respondents in the report admitted that they do not monitor environmentally related issues, such as energy cost rises, while 52 percent have still not created targets for or monitoring CO2 reduction.

The report underlines the work ahead of those within the energy efficiency industry in educating and aiding the commercial and industrial sectors to act now for the benefit of their companies, the environment and help prevent a triple-dip recession.

"It is frightening to think that so many business leaders are 'Sleep Walking', as the report terms it, into an avoidable calamity. This highlights the important task already being carried out by Enigin Distributors globally in raising the importance of improving energy efficiency to businesses. They also educate and empower executives and their workforce on how to monitor and gain control of their energy use - saving energy and energy costs. Action saves, it doesn't cost."

Troy Wrigley, Managing Director, Enigin PLC

The Carbon Trust research shows that if companies do not act now they will feel the detrimental effects of their inactivity as early as 2018. According to the Enigin report action now not only protects businesses but opens up new opportunities and affects profits positively.

For more information on the Energy Saving industry you can visit the Energy Saving association here: http://www.the-esa.org/

You Can Follow Enigin on Twitter here: http://twitter.com/Enigin

You Can Follow Enigin on Facebook here: http://www.facebook.com/pages/Enigin/110397735774862

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SOURCE Edit Optimisation