Costs for carbon accounting set to double

Research company Verdantix questioned 457 firms with UK revenues over £750m. It found that spending costs on financial carbon accounting were £55m in 2009 and predicted that this will rise […]

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By Monika Stulpinaite

Research company Verdantix questioned 457 firms with UK revenues over £750m. It found that spending costs on financial carbon accounting were £55m in 2009 and predicted that this will rise to £115m by 2013.

The survey also found that UK spend on building energy efficiency is set to increase from £462m last year to £699m by 2013, and that energy and carbon data management will rise from £145m in 2009 to £388m by 2013.

Verdantix also asked 202 energy managers if a budget have been set aside for carbon management initiatives in the current financial year.

It found 80% had budgeted for energy and carbon data collection, 73% had set aside cash for AMR or smart meters and 65% had made provision for energy efficiency projects.