Chancellor Philip Hammond has handed businesses seeking to adopt electric vehicles a new tax break as part of today’s Autumn Statement with a 100% first-year allowance (FYA) for expenditure on electric charge points.
The Department of Business, Energy and Industrial Strategy (BEIS) is seeking views on how to drastically change the consumption of heat and energy in non-domestic properties after uncovering potential savings of £1.3 billion a year from private sector initiatives.
The average business investment in energy efficiency projects has increased more than five-fold since the first three months of the year, a surge which could be attributable to Brexit and fears over increasing equipment costs.
A new survey has uncovered significant potential for small businesses to adopt increased energy efficiency measures after just one in ten UK SME business owners were found to believe they have decreased energy consumption over the last year.
A number of major businesses of the Prince of Wales’ Corporate Leaders Group (CLG) have said that the international community must start to put 2050 climate strategies into place now if the world is to meet more pressing aims.
Large, European companies have concluded that deriving all of their energy demand from renewable sources represent a “major strategic opportunity” moving forward, according to a new report published by The Climate Group has found.
