Installers of renewable technology could benefit from the recent IPCC report which is calling for a shift away from cheaper fossil fuels to help cut CO2 emissions, the BBC has reported.
One of the country’s leading climate change experts has warned businesses in the east of England are going to be increasingly at risk from rising energy costs, unless they take action now.
Dr Konstantinos Chalvatzis of the University of East Anglia says businesses should be thinking about installing renewable energy systems to beat rising prices.
Dr Chalvatzis, who was involved in the review process of chapters on industry and energy, said: “The IPCC WGIII report outlines the options available to mitigate the effects of climate change. It is the consensus reached by hundreds of scientists after careful consideration of all the available evidence which has emerged since the publication of the last report in 2007.
“The artificially maintained debate on climate change distracts our attention from the major risks that businesses are facing in nearly all aspects of their operations. The climate is changing and we need to do more to manage supply chain and operational vulnerabilities.
“The energy sector, both demand and supply, will have to be entirely transformed in the following decades. If climate change mitigation is not enough to convince us, then energy supply security and rising energy prices should.”