UK public sector organisations are “ahead of the curve in recognising the value of CRC leadership”, according to new research.
An independent carbon management study found that 74% of UK public sector firms believe the potential cost savings from being in the CRC Scheme will outweigh the costs of compliance.
And 67% think that a leadership position in the CRC league table launched in October next year will achieve significant energy efficiency savings.
The report by independent research firm Verdantix also reveals that the public sector is ahead of other market sectors in its attitudes and approach to the CRC.
Verdantix found that 90% of public sector organisations have already set a CO2 reduction target, compared with 76% in the telecommunications and technology sector, 70% in retail, and 66% in financial services.
Meanwhile, 57% of public sector institutions will release their first carbon management report either this year or next year. Only 21% of financial services and retail organisations believe they are in a position to do this.
“Public sector organisations in the UK are ahead of the curve in recognising the value of CRC leadership,” says Sonny Masero, vice-president of ecoSoftware for CA Technologies.
“In particular, the sector acknowledges that CRC league table leadership will help the sector reduce energy costs and reduce cash flow risks. Although the CRC does have cash flow implications because organisations have to purchase carbon allowances, this liability can be reduced through effectively managing energy and carbon.”