Spending by large UK firms on energy, environmental and sustainability initiatives is set to grow 16% a year to reach £6.8 billion by 2015, say independent analysts Verdantix. Even this year, Verdantix predicts that overall spending will increase 12% – twenty times faster than the growth predicted for the UK economy as a whole.

Three sectors – retail and consumer brands; oil and gas, utilities and transport; and technology, telecoms and high-tech engineering – make up three-quarters of the entire market according to the report, UK Sustainable Business Spending 2010-15. Spending growth rates could reach 17% in sectors like automotive, telecoms and utilities, says Verdantix, but only
around 9% in sectors like chemicals and pharmaceuticals. 

Source: Energy Efficiency News

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