Companies See Mixed Results Implementing Energy Efficiency Measures June 18, 2010Posted by Jeff Fuchs in government, green business.
Tags: energy, government, green business
Companies worried about pending carbon emissions legislation are looking to preempt new laws by looking for energy efficient production alternatives. Either production costs or increased energy tax rates –or both –will strain companies. While some companies may find it easy to reduce energy consumption, other companies will find it difficult to make energy changes, with costs ranging in the range of hundreds-of-millions of dollars. The steel industry, for example, has cut emissions by a third over the past two decades –but the technology they need to continue cutting emissions hasn’t progressed enough yet –and the pending carbon emissions legislation doesn’t allow enough time.
Check out the New York Times article here.