Energy Efficiency is by far the fastest, most benign to the environment, and cost effective weapon we have to tackle climate change – and time is running out for voluntary action.
Governments across the planet are finally realising that it is very much harder to the promised reach targets, although most were only modest goals and the next climate summit will be interesting.
It is reported here that within the US stimulus package approx. 3% has been allocated for energy efficiency projects-that is significant. However, no single country, government, state, business, or individual can solve this problem alone, it is the big daddy of all global issues, requiring complete international cooperation.
We have already exceeded the danger threshold @ 350ppm, and CO2 is still increasing faster than ever before. At a local level, many business are preoccupied with the financial crisis, will likely overlook the quietly accumulating business risk (see the graph) until there weighty carbon tax demand note hits their mailbox. By then it will be too late. Those who were are not already prepared will likely suffer the wrath of stakeholders and investors for ignoring the writing on the wall.
Still I remain optimistic, since there are many businesses are still unaware of the zero cost, low impact opportunities to embrace Energy Efficiency Improvements (EEI) using a performance contract, can be quickly implemented without upfront capital cost.