Firms relying on business energy that does not incorporate climate change measures may wish to take note of a new report by the Global Legislators Organisation (GLOBE), which has found that current laws cannot tackle the problem of inefficiency.
The organisation's president John Gummer observed a change in attitude from the world's governments, from "trying to minimise their share" to actively pursuing solutions "in the national interest".
Chris Huhne, the UK's energy and climate change secretary, noted that there must be an agreement between countries to invest in low-carbon projects and referenced the December 2010 summit in Cancun as a starting block for moving forward.
At that event, a deal was made to secure $100 billion (£60 billion) each year for the next decade, to help developing nations defend themselves from the effects of climate change.
"The race is on and the pioneers are the most likely winners," he added.
Posted by Jim Tidy
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