Clearview South August 2013 - Issue 141 - Page 74

ENERGYEFFICIENCY New Regulators’ Code will shape new partnership with business A new Regulators’ Code published by Business Minister Michael Fallon will help shape a new partnership between regulators and the businesses and communities they serve. Finalised following a consultation with the business community as well as regulators and local authorities, it establishes how noneconomic regulators should interact with those they are regulating. Regulators should: • Carry out their activities in a transparent way that helps those they regulate comply and grow • Design simple and straightforward ways to engage with and hear the views of those they regulate • Base their regulatory activities on risk and share information about compliance and risk • Ensure clear information, guidance and advice is available to help those they regulate meet their responsibilities • The new Code is the latest step in the government’s drive to put businesses’ need for clarity, transparency and minimum bureaucracy at the heart of the regulatory system. Business Minister Michael Fallon said: “Regulators’ actions can impact directly upon a business’s ability to succeed. It’s essential that hard-pressed firms are not swamped with unnecessary bureaucracy, but are given pertinent advice and support. “This shorter, clearer Regulators’ Code will increase confidence in our regulatory system, helping serve the twin purposes of protection and prosperity.” The Regulators’ Code is at: http://www.bis. £100m funding available to invest in “Green Retrofit” BRE along with partners Sustainable Development Capital Ltd have launched a new scheme to provide capital investment for non-domestic energy efficiency retrofit projects in the UK. The new Green Retrofit Investment Programme has up to £100 million available for investment in building retrofit projects and energy infrastructure projects where clear energy and carbon emissions savings will result. £50m of the fund has come from the Government’s Green Investment Bank. The scheme will support projects that deliver reduction in energy demand, cost and greenhouse gas emissions for four areas: • Building retrofits • Renewable heat • Combined heat and power (CHP) • Urban infrastructure. Speaking at the fund launch, Rufus Logan, Director of BRE Scotland said that BRE’s role would be to provide strategic and technical support: “We will provide the hard evidence to help in assessing the risks, delivering performance and ensuring that projects get the recognition they deserve, through standards like BREEAM.” Jonathan Maxwell, founding partner and chief executive of SDCL said, “As a fund we have significant capital to invest in the UK. If you have a project that is ready, we would be happy to look at how we can help.” The fund is open to projects of £2 million plus and provides backing for up to 100% of project cost. The return on investment will come from a proportion of the savings in energy bills. The programme is now open for applications; contact Rufus Logan, email loganr@bre. Energy efficiency measures for large firms could see £1.9 billion net benefit for UK Proposals for new energy saving assessments for larger firms in the UK have been published by the Department of Energy and Climate Change (DECC). These assessments, required by the new Energy Savings Opportunity Scheme (ESOS), will enable companies to identify opportunities to save money on energy bills through improved energy efficiency and could benefit the UK by £1.9 billion. Under the scheme, which is being developed as part of the UK’s implementation of the EU Energy Efficiency Directive, large enterprises will be required to undertake ESOS assessments to identify cost-effective ways to invest in energy efficiency, helping reduce energy bills and increase competitiveness. Organisations who take up energy efficiency recommendations will face lower energy bills – on average, an enterprise taking up recommendations from energy savings assessment will invest £15,000 per year in energy efficiency measures and benefit from bill savings of £56,400 per year. Energy and Climate Change Minister Greg Barker said: “Effective energy efficiency means cutting out waste and increasing profits. These new energy saving assessments will help our largest firms identify where money can be saved by installing energy efficiency measures. The potential benefits of cutting down on energy waste are significant - £56,400 savings per year on the energy bills of the average large business, and £1.9 billion benefits to the UK as a whole.” 74 AUG 2013 To read more, visit