Now that we have policy in legislation, business is getting on with the job of reducing their carbon footprint and becoming more energy efficient. More than two thirds of all firms surveyed already have some sort of carbon-reduction strategy in place, and almost a third (29%) has modeled the impact on their business operations.
Firms directly affected by carbon pricing are leading the way. Of the firms which will be directly affected by carbon pricing, some 85% have a carbon-reduction strategy in place, with a further six per cent in the midst of developing one. Of the firms which will be indirectly affected by carbon pricing, only 10% have conducted such modeling.st Item
Business agrees carbon pricing here to stay. Three quarters of Australian businesses agree that it is here to stay, at least in one form or another. Almost half believe a new, better pricing regime will eventually replace the current proposed scheme, with almost two-thirds believing A$23 per tonne price is too high, and around 10% believing it is too low.
The corporate agenda has shifted towards cost reduction. While opportunities in “improving relationships with customers” (33%) and “developing new products and services” (24%) remained appealing, this year “cost reduction” (35%) has risen to the top of the corporate agenda.
Companies are investing in resources to capitalise on these opportunities. Of the companies directly impacted, more than half have set up dedicated roles or teams to identify greater energy efficiency measures internally. Around 30% have hired external consultants to help identify opportunities.
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