New survey shows businesses planning to increase spending on improving energy efficiency
(Energy in Demand, 23 Nov 2018) More than half of global organisations are planning to increase their energy efficiency spending in the next year.
Jonny Bairstow writes on the Energy Live News website about a recent survey from Johnson Controls saying businesses want to reduce their carbon footprint, save money, boost energy security and enhance their reputation
‘Majority of global firms to step up efficiency spending’
More than half of global organisations are planning to increase their energy efficiency spending in the next year.
That’s according to Johnson Controls, which has conducted a survey of nearly 2,000 facility and energy management executives from across 20 countries.
It revealed 57% of organisations in the US and 59% of global organisations are looking to increase investment in energy efficiency measures in the next year, with many of these organisations planning to increase spending on smart building measures at a greater rate than more traditional efficiency measures.
Building controls improvements were cited as the most popular investment for the next 12 months among US organisations, with 68% of respondents planning to implement such measures.
Building system integration also saw a 23% increase in respondents planning to invest in 2019, the largest increase of any measure in the survey.
Companies responding to the survey identified greenhouse gas footprint reduction, energy cost savings, energy security and enhanced reputation as key drivers of investment, fuelling growth in green, zero carbon and resilient buildings.
Energy in Demand, 23 Nov 2018: New survey shows businesses planning to increase spending on improving energy efficiency