Briefly put: As pressure on organisations, governments and companies mounts with regards to being ‘carbon conscious’ innovation is being powered by the same pressure in the development of building automation and energy management systems; and national or global energy efficiency programmes and initiatives.
With the passing of the UK Energy Bill in December 2013, the British government aims to attract a capital investment of £110 billion for a sector wide overhaul of its ageing power infrastructure, as part of a move toward a low-carbon and energy efficient economy. The electricity reform, spearheaded by the Department of Energy and Climate Change (DECC), has introduced a number of policies warranting adherence from industrial and domestic segments, thereby ensuring compliance from all stakeholders to fulfil the objectives of the UK’s Electricity Market Reform programme.
A primary example of government’s decisive steps in managing carbon emissions is the introduction of a new regulation by the Department of Energy and Climate Change (DECC) necessitating companies listed on the London Stock Exchange’s main market to submit a yearly report publically disclosing the level of their greenhouse gas emissions. All affected firms are to appropriate their emissions data to accompany their annual director’s report as per the amended ‘The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013’.