Crisis causes less spending on energy efficiency

The financial crisis has made owners of large commercial and public buildings more cautious about spending on energy efficiency improvements, according to 

"In growth times, companies are more likely to invest, but during an austerity period, they go back to their core expertise, and energy efficiency is not their core,” says Adrian Joyce, secretary-general of EuroAce, a trade group representing companies like Johnson Controls, Saint Gobain, BASF and United Technologies. “Every single investment cost is scrutinised very closely". 

Despite the significant return on investment, the # 1 obstacle for investing particularly in energy efficiency remains the long investment return period.

Last modified onThursday, 04 May 2017 16:19
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