It is hoped that the new proposals will cut "unduly complex bureaucracy" on the issue and help a number of organisations, including smaller businesses, to embrace energy efficiency.
Talking about the plans, Mr Woolas said: "This consultation shows once again that we're serious about tackling emissions in the UK and that doing so doesn't need to undermine competitiveness.
"Working together, government and businesses must show leadership in tackling emissions, without jeopardising prosperity. In fact, growth brings innovation and resources - which can help us to tackle emissions."
The launch of the new consultation has come after environment secretary Hilary Benn signed an agreement with a number of ministers from other countries to tackle climate change on a global level.
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