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A Bright Outlook for Energy Efficiency: Businessweek

This is the conclusion of an article from Businessweek, where they quote Nino Tronchetti Provera, of Milan's Ambienta SGR: "Clean energy investments are riskier today, but energy efficiency is a no-brainer." Businessweek explains the reason why stating that European countries have been cutting clean energy subsidies because of budget deficits, and last year the U.S. failed to pass federal energy legislation to cut carbon emissions and boost alternative power. According to Ronan O'Regan, director of renewables at global accounting and consulting firm PricewaterhouseCoopers, says that more countries are turning to energy efficiency because it offers "quick wins" in cutting power use and carbon emissions, O’Regan adds, "Payback on energy efficiency is anything up to 12 to 24 months. With renewable technologies, even with a subsidy you're talking about maybe 7 to 10 years." Robert Clover, head of alternative energy equities at HSBC Holdings reckons global revenue for energy efficiency companies will expand 13 percent a year through 2020, compared to an 8.6 percent for wind, solar, and nuclear power providers. With the financial constraints on many governments these days, Clover told Businessweek that the current regulatory trends favor energy efficiency rather than low-carbon energy. Energy efficiency measures include improvements to lighting units such as LEDs that use less electricity, equipment that makes factories more productive, and technology that uses computerised meters to monitor and manage power. Ian Simm CEO of London based Impax Asset Management Group told Businessweek "We see energy efficiency as benefiting significantly from high and probably rising oil prices around the world, and we still see a downside in renewable energy." Enigin have a range of technology and energy efficiency solutions that produce dramatic results for commerce, industry and the public sector.

Thursday 10th February 2011