Energy Saving News
Energy Efficiency is Top Priority for Indian Business Leaders
BUSINESS decision makers throughout India give a higher priority to energy efficiency in their buildings than those in any other major country, according to the Energy Efficiency Indicator (EEI) survey.
This year's survey results provide a look at how business leaders in India are prioritising and investing in energy efficiency compared to last year and to other regions around the world.
According to the survey, 85% of business leaders in India consider energy management very or extremely important.
Also nearly all respondents in India are planning to make capital (87%) and operating (93%) investments in energy efficiency over the next 12 months, up from 64% and 72%, respectively, in 2009.
"Despite the recession, decision-makers have put efficiency high on their agendas for 2010, especially those in India and China," says Pramoda Karkal, of Johnson Controls, India.
Although there is a broad consensus that improving energy efficiency helps control rising energy costs, reduces a company's environmental footprint, and increases the value of buildings, Karkal recognised that there are still barriers preventing global implementation.
The most commonly cited barrier to improving energy efficiency in India is a lack of technical expertise to identify opportunities, followed by a lack of internal capital budget.
Limited capital availability ranked first in the United States and Europe, according to this year’s EEI.
"In India and throughout the world, new financing and procurement models are needed to stimulate energy investments,” said Karkal.
“These models need to be scalable and bring private capital, technical expertise and performance guarantees to the market."
95% of India respondents believe significant legislation mandating energy efficiency and/or carbon reduction is at least somewhat likely to be enacted in the next two years in India.
The Johnson Controls EEI tracks energy management priorities and investment plans among decision-makers responsible for managing commercial buildings and their energy use. This is the second year Johnson Controls has conducted the EEI survey in India.
Picture by eviltomthai
Friday 24th September 2010
