last updated 22rd December 05
by 4ecotips.com

Climate Change Group's report show's positive

Huge savings have been made from companies' efforts to reduce their greenhouse gas emissions and by becoming more energy efficient, according to findings in The Climate Group's 2005 Carbon Down Profits Up. A significant $11.6 billion saving has been reported by 43 companies. There is an estimated further potential saving of $894 million to customers, through product use and energy efficiency.

The Climate Group hopes that by identifying, documenting and sharing what's happening on emissions reduction, it will create new momentum for other government and business leaders to take meaningful action on climate change.

"In publishing the second edition of Carbon Down Profits Up, The Climate Group is able to show how much progress is being made. We are delighted that the information contained in the report reveals that an even greater number of countries, regions, cities and companies are reporting on action to tackle global warming," said Dr Steve Howard, CEO of The Climate Group.

"Every new activity we identify and share, adds an essential element to the debate. By demonstrating the growing momentum with simple reliable facts, we hope that Carbon Down Profits Up will continue to encourage government and business leaders to take up this global challenge," he added.

"The Climate Group's strong message that carbon reduction goes hand in hand with profit creation, has already resonated with policy makers, commentators and decision makers around the world. The economic viability of reducing our carbon impact on the world is now clear for all to see."

This report was sponsored by HSBC Holdings plc.