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3. Financial Benefits
All firms utilise, either directly or indirectly, natural resources, and therefore have a long-term interest in conserving and using them efficiently. Look at the possible savings in waste and energy. Energy intensive industry is wasting 11% of the energy it buys - £1 in every nine!
Disposal costs are rising as the space gets limited, controls on incineration increase, and waste is taxed. Many companies seriously underestimate the costs of waste. The landfill tax is only the start of instruments to encourage less waste. It is better to adopt cleaner technologies earlier rather than later.
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Energy costs will rise too, especially if the government continues its energy tax. Taxes are seen as the way to comply with government commitments to Kyoto. The government plans to raise £1 bn with the Climate Change Levy to be introduced in April 2000.
© ep@w Publishing Company Ltd. 2000