A new study has called calls for a new approach to encourage investment in business energy efficiency.
The report from think tank Policy Exchange says Ministers must adopt several new energy efficiency measures to help unlock savings of £1.3bn a year for UK businesses.
Specifically, it suggests that businesses rates should be linked with Energy Performance Certificates (EPCs) to incentivise landlords.
Extending ESOS: A golden opportunity
The report also recommends that the Government extends the Energy Saving Opportunity Scheme (ESOS) to cover public sector institutions such as the NHS, defence and education, where the energy saving potential is “large and cost effective”
Meanwhile, a new Energy Efficiency Delivery Unit (EEDU) could help to bridge the gap between viable projects and available capital, the report claims. Policy Exchange suggests the unit should mirror the Heat Network Delivery Unit, which offers expertise, certification and finance for both public and private projects.