New Zealand Business Missing Out on Billions

NEW Zealand’s Energy Efficiency and Conservation Authority (EECA) reckons that the countries businesses are losing out to the tune of NZ$1.6 billion in energy savings through not improving energy efficiency.

The Business General Manager of the ECCA, Ian Niven, claims many New Zealand firms felt too stretched financially and believing they did not have enough time to implement energy efficiency measures, which he described as a ‘killer app’ for business.
Niven stated: "There is a general lack of knowledge, one barrier is that people think about energy as a fixed cost."

EECA receives around NZ$100 million in funding from the government to promote energy efficiency and savings, with about NZ$17 million spent on business energy efficiency promotion.

Niven commented: "By changing the way businesses use energy, they can take the initiative to improve productivity, profitability and competitiveness. It might not sound as exciting as the next iPhone but energy efficiency may yet turn out to be a killer app for business."

Niven highlighted that savings from energy efficiency go straight to the bottom line, and comparing energy efficiency investments to investments such as research and development, energy efficiency projects are low risk, often with a short payback of two years or less.

Picture of New Zealand Parliament Building by Alexander Efimov [GFDL or CC-BY-SA-3.0], via Wikimedia Commons

Monday 11th March 2013

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