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Archive for 19 July, 2017

Why Don't More Companies Implement Energy Efficiency Measures?

Why Don't More Companies Implement Energy Efficiency Measures?

The energy efficiency paradox has been a topic of academic curiosity for decades. Despite having immense economic and environmental benefits, the majority of companies do not implement meaningful energy efficiency programmes. The barriers are manifold: resistance to change, lack of access to capital, risk aversion, the principal agent problem (landlord vs tenant) and information asymmetry. In spite of these barriers, many companies have taken action on energy efficiency. These businesses generally financially outperform companies that brush energy efficiency aside, and also realise efficiency gains in other areas across the business.
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