Businesses 'need to embrace renewables'

30/07/2010

Firms will have no alternatives but to embrace renewable energy sources if they want to keep their business energy costs down, according to BusinessGreen.com.

A new report from the Department of Energy and Climate Change (DECC) revealed that climate change policies could have a large impact on the amount firms pay for their business electricity and gas.

The DECC warned that the transition to low-carbon sources of energy in the UK would not be without cost.

Andrew Charlesworth, a journalist at BusinessGreen.com, said that being green made business sense.

"You've always got to compare the greening of energy sources with what the alternative is. If the alternative is sticking with fossils, then you have to make assumptions in your model about where those fossil energy prices are going to go. Pretty much every analyst and commodity dealer says that they are going to be going up."

Firms have no alternative except to embrace renewables, Mr Charlesworth said. "Green is economically viable."

Posted by Nicola Richards