'Accelerating the move to a low carbon economy', published by the Commons Public Accounts Committee today maintained that: "as energy prices rise and public awareness of the need to tackle climate change increases, the Department should identify ways in which the Carbon Trust’s contribution could be greater."
Committee chairman Edward Leigh said: "A lot of businesses especially the smaller ones are yet to be convinced that improving their energy efficiency makes commercial sense."
The report went on to say that "the Carbon Trust appears likely to meet its 2010 target of an annual reduction in carbon dioxide emissions of 4.4M tonnes, but the target was not a particularly challenging one."
"By the end of 2006–07 businesses and public sector organisations had implemented less than 40% of carbon dioxide savings identified by the Carbon Trust over the period 2003 to 2006.
"Cost was seen as a significant barrier, particularly for smaller businesses with limited access to capital, and many management boards had yet to be convinced of the commercial benefits of implementation."