Are recent falls in the price of fossil fuels making businesses
think twice about investing in energy efficiency projects? Project
management specialist Lorien Engineering Solutions, which tracks
fuel prices through its Energy Index, is concerned that lower
fuel costs could actually stimulate an increase in fossil fuel
use at the expense of renewable energy projects.
While lower energy prices are expected to have a positive effect
on UK GDP during this year, Lorien's sustainability consultant
Tom Jordan says this could diminish the headway made in driving
energy efficiency and the take-up of renewables.
He says: "Lower energy prices shouldn't be seen
as a negative when considering the current attractiveness of
renewables, which benefit from schemes such as Feed-in Tariffs
and the Renewable Heat Incentive."
more information on this topic here.
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