Firm-level Perspective of Energy Efficiency Barriers and Drivers in UK Industry – Indications from an Online Survey

Pranab Baruah, Nicholas Eyre, Jonathan Norman, Paul Griffin, Geoff Hammond

Research output: Contribution to conferencePaperpeer-review

Abstract

An online survey of production process related energy efficiency barriers, drivers and the decision-making process was carried out among a number of UK industrial sector stakeholders. Survey responses indicated that access to capital, regulatory uncertainty and long/uncertain paybacks are major barriers to energy efficiency investments in UK industry. Cost savings and long-term strategy were found to be primary drivers of energy efficiency. Average payback criterion for energy efficiency investments was about three years and was slightly higher than other typical investments. In companies where energy efficiency was strategically important, decision-making was found to be more integrated into the mainstream business process. Energy and environmental audits followed by external consultants and colleagues in the industry were viewed as the most credible sources of energy efficiency information, whereas energy companies were viewed with least credibility. Drawing from existing studies and inputs from industrial energy experts, this study presents a taxonomy of barriers, drivers and decision-making attributes for investigation of industrial energy efficiency
from a firm-level perspective.
Original languageEnglish
Publication statusPublished - Sep 2014
EventBehave Energy Conference - Said Business School, University of Oxford, Oxford, UK United Kingdom
Duration: 3 Sep 20144 Sep 2014

Conference

ConferenceBehave Energy Conference
CountryUK United Kingdom
CityOxford
Period3/09/144/09/14

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