Love the Planet: Love your bottom line


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Francis Clark with Winter Rule low carbon business briefing from 31 January 2012...

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  • Economic objectives to connect 10,000 businesses (around half of all VAT registered in Cornwall) 6000 Improved productivity 4000 Jobs created 2000 Jobs safeguarded Ambitious target to achieve 50% overall take up
  • Tool helps with what is happening on the ground (actually measure) – bottom up Benchmarking LEP – transitioning whole economy not just EGS
  • Promotion of the tool – why should businesses get involved
  • 0.25 tonnes
  • Love the Planet: Love your bottom line

    1. 1. Professional Briefing – “Love your planet: Love your bottom line” 31 January 2012 Intro: Richard Wadman, Francis Clark with Winter Rule
    2. 2. Administration <ul><li>Admin </li></ul><ul><li>Timetable </li></ul><ul><li>Questions at end </li></ul><ul><li>Presenters… </li></ul>
    3. 3. Presenters
    4. 4. Context.. <ul><li>Series of co-presentations with CDC </li></ul><ul><li>Following on from ‘Carbon Matters’ at Eden: “No longer business as usual” </li></ul>
    5. 5. Theme “ 10 commercial reasons”
    6. 6. Presentations on… <ul><li>GHG Targets and implications for Cornwall </li></ul><ul><li>Carbon data collection and utilisation </li></ul><ul><li>“ Am I bothered” – why Cornish SMEs are engaging </li></ul><ul><li>Practical and inspirational examples of how to reduce the carbon footprint of your business and the profit implications of doing so from award winning pioneers </li></ul><ul><li>Business support and Funding </li></ul>
    7. 7. The Green Cornwall Programme – aspirations and links with SMEs
    8. 8. What is the Green Cornwall programme? <ul><li>It is the Council’s statement on what it wants to achieve in terms of the low carbon agenda </li></ul><ul><li>It is focussed not only on the Council itself, but externally too </li></ul><ul><li>Leadership and engagement is built into the model </li></ul><ul><li>There is a clear strategy, delivery focus, and outcomes with supporting baselines </li></ul>
    9. 9. Already some good work underway <ul><li>9 operational wind farms in Cornwall – enough power for 31,500 homes </li></ul><ul><li>Wave Hub – innovative and commercial interest growing. Marine energy important sector </li></ul><ul><li>Geothermal – successful RGF bids </li></ul><ul><li>Strong research base </li></ul><ul><li>Organisations such as Community Energy Plus, Energyshare, Eden </li></ul><ul><li>Renewable energy production is increasing dramatically – Council small scale solar </li></ul><ul><li>Cornwall is viewed as a regional and potentially national leader </li></ul>
    10. 10. Outcomes
    11. 11. Green Cornwall delivery themes
    12. 12. The Green Deal <ul><li>Flagship national energy efficiency policy – Autumn 2012 </li></ul><ul><li>Pay As You Save (PAYS) – recoup through utility bills </li></ul><ul><li>The charge is associated with the energy meter </li></ul><ul><li>‘ Golden Rule’ = monthly charge must be less than or equal to saving on energy bill </li></ul><ul><li>£14 billion of private sector investment over the next decade </li></ul><ul><li>100,000 insulation and construction jobs by 2015 </li></ul>
    13. 13. Green Deal - outcomes for Cornwall <ul><li>2000-3000 jobs, strengthened sectors </li></ul><ul><li>Reduction in fuel poverty, improvements in health </li></ul><ul><li>12,500 – 15,000 homes treated </li></ul><ul><li>Increase renewable energy production – 10-20MW depending on scale </li></ul><ul><li>Reduction in green house gas emissions – 7% of 2020 target (3% total) </li></ul><ul><li>Step-change in the profile both of our economy and housing stock </li></ul>
    14. 14. Opportunity for SMEs <ul><li>Major programmes – RE and demand reduction </li></ul><ul><li>Supply side development </li></ul><ul><li>Skills </li></ul><ul><li>Cornish hub </li></ul><ul><li>Export services </li></ul><ul><li>Cutting edge technologies </li></ul><ul><li>LEP – green agenda </li></ul><ul><li>2013 </li></ul>
    15. 15. Conclusion <ul><li>Joined up thinking – Cornwall PLC approach </li></ul><ul><li>Critical mass </li></ul><ul><li>Cornwall as a leader </li></ul><ul><li>Council can only do so much </li></ul><ul><li>Economy, social, and environmental </li></ul><ul><li>Research links crucial </li></ul><ul><li>Delivery </li></ul>
    16. 16. Cornwall Council County Hall Truro TR1 3AY Tel: 0300 1234 100 <ul><li>Questions? </li></ul>
    17. 17. Carbon calculator tool for businesses Katherine Stewart - Research & Evaluation Manager [email_address] 31 st January 2012
    18. 18. The ‘Big Build’ <ul><li>The Superfast Cornwall programme will deliver fibre optic broadband to at least 80% of premises by 2014 making it the largest rural deployment in Europe - 250,00 premises will be covered by 2014 </li></ul><ul><li>We aim to bring faster broadband to everyone else with alternative technologies. </li></ul><ul><li>130,000km of fibre optic cable of about a hair’s width is being physically installed – this is enough to circle the globe three times! </li></ul><ul><li>Around 150 Openreach engineers will work 60,000 days to build our new network. </li></ul>
    19. 19. The ‘Big Build’ Superfast is available in parts of the area Superfast will be available by March 2012 Superfast will be available by the end of 2012 Superfast will be available by the end of 2013
    20. 20. How can ICT reduce my carbon emissions? <ul><li>Smart 2020 Report: concluded that ICT has the potential to reduce the carbon emissions of other sectors by 15% globally </li></ul><ul><li>Teleconferencing </li></ul><ul><li>Virtual data centres </li></ul><ul><li>Flexible working – reduced office space and reduced commuting </li></ul><ul><li>E-commerce </li></ul><ul><li>Dematerialisation (reduce production of paper, DVDs etc) </li></ul>
    21. 21. <ul><li>Strategic links </li></ul><ul><li>Public sector: Green Cornwall Programme objectives </li></ul><ul><ul><li>Contributing towards cutting Cornwall’s green house gas (GHG) emissions above national targets (34%) by 2020 </li></ul></ul><ul><ul><li>A measurable transformation towards a low carbon economy </li></ul></ul><ul><li>Private sector: Business Leaders 4 Low Carbon </li></ul>
    22. 22. Carbon Calculator tool <ul><li>The tool will help you measure, manage and minimise the carbon footprint of your business. </li></ul><ul><li>The tool will also help us measure the carbon impact of Superfast Cornwall. </li></ul><ul><li>The tool measures the carbon impacts associated with electricity, heating, travel (cars, flights, etc) and waste. </li></ul><ul><li>Joint project part-funded through ERDF and ESF </li></ul>
    23. 28. Travel Diary <ul><li>Record details of journeys made across a typical week or month </li></ul><ul><li>Smartphone app from Carbon Diem automatically tracks travel and calculates the carbon footprint </li></ul><ul><li>Data extrapolated to give an annual forecast </li></ul>
    24. 30. <ul><li>Please use our carbon footprinting tool: </li></ul><ul><li> </li></ul><ul><li>We’re also keen to hear how you think you might use superfast broadband to reduce your carbon footprint – let us know your ideas! </li></ul>Please get involved!
    25. 31. Thank you Any questions? Katherine Stewart - Research & Evaluation Manager [email_address] 31 st January 2012
    26. 32. The Profit Carrot The Profit Carrot t. 01872 321533 /
    27. 33. Working towards sustainability since 2007
    28. 34. <ul><li>New business opportunities </li></ul><ul><li>Good PR </li></ul><ul><li>Win awards </li></ul><ul><li>Positive impact on the bottom line </li></ul><ul><li>Make a difference to our local, national and international community </li></ul>The reasons behind our green drive
    29. 35. Our key focus <ul><li>Reduce electricity consumption </li></ul><ul><li>Reduce business and personal car miles travelled </li></ul><ul><li>Reduce office waste going to landfill </li></ul>The Profit Carrot t. 01872 321533 /
    30. 36. Electricity consumption <ul><li>During 2010/11 we reduced electricity consumption by 564.7 p/kWh </li></ul><ul><li>CO2 reduced by 0.78 tonnes </li></ul><ul><li>Cost saving of £ 120.98 </li></ul>The Profit Carrot t. 01872 321533 /
    31. 37. Business and personal car miles <ul><li>In three years we have saved: </li></ul><ul><li>13090.1 personal car miles </li></ul><ul><li>8627.17 business car miles </li></ul><ul><li>£3,419.26 in expenses </li></ul><ul><li>641kg CO2 (1011) </li></ul>The Profit Carrot t. 01872 321533 /
    32. 38. Office waste <ul><li>In 2010/11 we recycled: </li></ul><ul><li>97% of our office waste </li></ul><ul><li>275.67kg </li></ul><ul><li>Only 7.52kg went to landfill </li></ul>The Profit Carrot t. 01872 321533 /
    33. 39. How we have done this The Profit Carrot t. 01872 321533 /
    34. 40. Electricity consumption <ul><li>Measure and monitor consumption weekly </li></ul>The Profit Carrot t. 01872 321533 /
    35. 41. Electricity consumption <ul><li>Introduced a ‘Switch it off’ policy </li></ul>The Profit Carrot t. 01872 321533 /
    36. 42. Electricity consumption <ul><li>Used oil filled heaters instead of night storage heaters </li></ul>The Profit Carrot t. 01872 321533 /
    37. 43. Business and car miles <ul><li>Measure miles saved </li></ul><ul><li>Cluster meetings </li></ul><ul><li>Car share </li></ul><ul><li>Use other modes of transport </li></ul><ul><li>Moved office </li></ul>The Profit Carrot t. 01872 321533 /
    38. 44. Office waste <ul><li>Measure and monitor </li></ul><ul><li>Weigh waste </li></ul>The Profit Carrot t. 01872 321533 /
    39. 45. 2011/12 Targets <ul><li>Set baseline figure for visitor miles to MPAD </li></ul><ul><li>Reduce electricity consumption by 5% </li></ul><ul><li>Monitor current sustainable print buying </li></ul><ul><li>Set print buying baseline </li></ul><ul><li>Reduce business car miles travelled by 5% </li></ul><ul><li>At least 90% of waste should be recycled </li></ul><ul><li>Continue to use most sustainable means of transport to get work </li></ul><ul><li>Maintain legal register </li></ul><ul><li>Maintain and update EMS </li></ul><ul><li>Achieve ISO14001 </li></ul>The Profit Carrot t. 01872 321533 /
    40. 46. Benefits <ul><li>Cornwall Sustainability Awards 2009 </li></ul><ul><li>British Chambers Awards 2011 </li></ul><ul><li>Business Leaders for Low Carbon </li></ul><ul><li>Cornwall Sustainability Awards </li></ul><ul><li>New business </li></ul>The Profit Carrot t. 01872 321533 /
    41. 47. Cornish business success <ul><li>Henry Orchards & Sons – National Recycling Awards and Cornwall Business Awards </li></ul><ul><li>Robert Wiseman Dairies – 1,000 litres milk per month to charity </li></ul><ul><li>Event Cornwall – BS8901 Sustainable Event Management and Healthy Workplace Awards </li></ul><ul><li>T J International…… </li></ul>The Profit Carrot t. 01872 321533 /
    42. 48. The future <ul><li>Gain ISO14001 accreditation </li></ul><ul><li>Win more awards </li></ul><ul><li>More business </li></ul><ul><li>Buy own premises and make sustainable </li></ul>The Profit Carrot t. 01872 321533 /
    43. 49. Thanks <ul><li>e. [email_address] </li></ul><ul><li>Twitter. @mpadcornwall </li></ul>The Profit Carrot t. 01872 321533 /
    44. 50. Practical Tips - The Processes & Empowering the People Nigel Hawke Catriona Lawson TJ International
    45. 51. Company Background <ul><li>TJ International is a leading manufacturer of scientific, academic and technical books. </li></ul><ul><li>Situated in Padstow since 1973. </li></ul><ul><li>Employing over 120 staff. </li></ul><ul><li>Produce over 6 million books a year. </li></ul><ul><li>Provide a full in-house book production service. </li></ul>
    46. 52. Why Reduce Our Environmental Impact? <ul><li>Ethical </li></ul><ul><ul><li>Moral duty – global issues – resource depletion, climate change. </li></ul></ul><ul><li>Financial </li></ul><ul><ul><li>Reduce utility/waste bills, increase sales opportunities. </li></ul></ul>
    47. 53. Why Reduce Our Environmental Impact? <ul><li>Legal </li></ul><ul><ul><li>Increasing environmental legislation. </li></ul></ul><ul><li>Public Relations </li></ul><ul><ul><li>Consumers more environmentally aware. </li></ul></ul>
    48. 54. Two Sides <ul><li>Promote the responsible production & use of print & paper. </li></ul><ul><li>Dispel environmental misconceptions. </li></ul><ul><li>Provide info on why print & paper is a sustainable communications medium. </li></ul>
    49. 55. Two Sides Facts <ul><li>Producing & reading a newspaper consumes 20% less energy than reading the news online for 30 mins. </li></ul><ul><li>Half the UK’s energy requirement is predicted to be needed to drive laptops & PC’s in the next 10 years. </li></ul><ul><li>The area of forest coverage in Europe is increasing at the rate of 1.5 million football pitches every year. </li></ul><ul><li>Paper is a natural & renewable material & is the sustainable way to communicate. </li></ul>
    50. 56. Identifying Impacts <ul><li>Energy consumption. </li></ul><ul><li>Waste. </li></ul><ul><li>Resource consumption. </li></ul><ul><li>Water consumption. </li></ul><ul><li>Transportation. </li></ul>
    51. 57. How We’ve Reduced Our Impact <ul><li>Gained ISO 14001. </li></ul><ul><li>First UK book manufacturer to be accredited. </li></ul>
    52. 58. How We’ve Reduced Our Impact <ul><li>Set annual objectives and targets. </li></ul> Objective Target ISO 14001/EMS <ul><li>Review spill kit training for relevant staff. </li></ul>Waste <ul><li>Ensure 98% of waste is recycled. </li></ul><ul><li>Ensure continued segregation of waste and re-use of materials. </li></ul><ul><li>Investigate ways to minimise packaging materials. </li></ul><ul><li>Duty of Care visits to be conducted at waste contractors. </li></ul>Energy <ul><li>Investigate the use of green energy sources. </li></ul><ul><li>Calculate the energy use of our main machinery. </li></ul>Solvent Management <ul><li>Maintain solvent usage between 7 & 7.5 tonnes. </li></ul><ul><li>Investigate solvents with lower environmental impacts. </li></ul>
    53. 59. How We’ve Reduced Our Impact <ul><li>Set up an Environment Committee. </li></ul>
    54. 60. Ongoing Training <ul><li>Run a bespoke Environmental Awareness course through Cornwall College Business. </li></ul><ul><li>In house for every employee. </li></ul><ul><li>Environment committee members – trained to Level 2 CIEH in Environmental Awareness. </li></ul>
    55. 61. Reducing Energy Consumption <ul><li>Installed energy efficient lighting & motion sensors. </li></ul><ul><li>Installed a Power Perfector with a Carbon Trust loan – 15% reduction in energy use. </li></ul><ul><li>Compressed air has shut off valves. </li></ul><ul><li>Central printers in offices. </li></ul>
    56. 62. Reducing Waste <ul><li>Our waste has moved from a cost to the business to a valuable income stream. </li></ul><ul><li>£108,000 revenue generated through recycling in 2011. </li></ul><ul><li>Recycle 98% - still reducing. </li></ul><ul><li>Recycling bins throughout factory. </li></ul><ul><li>Waste hierarchy – eliminating waste. </li></ul>
    57. 63. Reducing Resource Consumption <ul><li>Paper – FSC accredited. </li></ul><ul><li>Inks – vegetable based. </li></ul><ul><li>IPA – reduced usage from 11% to 3%. </li></ul><ul><li>Packaging – reduce, reuse, recycle. </li></ul>
    58. 64. Reducing Water Consumption <ul><li>Plate making – chemistry free. </li></ul><ul><li>Push taps. </li></ul><ul><li>Save-a-flush bags. </li></ul><ul><li>Water dispensers run off mains water. </li></ul>
    59. 65. Reducing Transportation Impacts <ul><li>Electric tug. </li></ul><ul><li>Deliveries batched together. </li></ul><ul><li>Forklifts run on LPG. </li></ul><ul><li>Cycle to Work scheme. </li></ul>
    60. 66. Awards Success <ul><li>2011 BPIF Excellence Awards – Environment Award. </li></ul><ul><li>BPIF Seal of Excellence in Environment – House of Lords. </li></ul><ul><li>2010 Book Production & Design Awards – Environment Award. </li></ul><ul><li>2010 Cornwall Sustainability Awards – Continuous Commitment to Sustainability. </li></ul><ul><li>2003 Cornwall Sustainability Awards – Inaugural Overall Winner & Best managed Business. </li></ul>
    61. 67. The Future <ul><li>Engaging with schools & University students. </li></ul><ul><li>Working in partnership with DS Smith Recycling. </li></ul><ul><li>Spreading the word with other like-minded businesses. </li></ul>
    62. 68. Questions?
    63. 69. <ul><li>Following inspiration </li></ul><ul><li>Richard Wadman, </li></ul><ul><li>Corporate Finance Director, Francis Clark with Winter Rule </li></ul>
    64. 70. Trends <ul><li>Emergence and growth of “indirect emissions management” </li></ul><ul><ul><li>Expansion of scope of 3 accounting (using WRI’s new guidance http:// ) </li></ul></ul><ul><ul><li>Big corporates and public sector drive through their supply chains/ procurements </li></ul></ul><ul><li>Employee Engagement </li></ul><ul><li>Environment and social goals </li></ul><ul><ul><li>sustainability key to economic viability </li></ul></ul><ul><ul><li>shift from ‘green wash’ </li></ul></ul><ul><li>http :// </li></ul>
    65. 71. National support/ incentives <ul><li>Enhanced capital allowances </li></ul><ul><li>FITs, RHI, ROCs </li></ul><ul><li>‘ Plug-In Van’ grant </li></ul><ul><ul><li> </li></ul></ul><ul><ul><li>grant reduces the cost of the van by 20% (up to a value of £8,000).  </li></ul></ul><ul><li>Cycle Scheme / </li></ul><ul><li>Green Deal http:// </li></ul><ul><li>Manufacturing Advisory Services </li></ul><ul><li>Regional Growth Fund? </li></ul>
    66. 72. Business Support and Guidance - 1 <ul><li>Environment an Sustainability Institute / </li></ul><ul><ul><li>“ working with businesses to translate research and expertise into innovative business practices, products and services” </li></ul></ul><ul><ul><li>Email:    [email_address] </li></ul></ul><ul><ul><li>Tel:         01326 255818 </li></ul></ul><ul><li>Clear About Carbon </li></ul><ul><ul><li>Free carbon literacy training: </li></ul></ul><ul><ul><li>Show me the carbon tool: </li></ul></ul><ul><ul><li>Carbon jargon buster: </li></ul></ul><ul><ul><li>Clear About Carbon: </li></ul></ul><ul><ul><li>Paul Holmes 01726 818811 [email_address] </li></ul></ul><ul><ul><li>David Morgan 01209 617013 [email_address] </li></ul></ul><ul><li>Carbon Trust </li></ul>
    67. 73. Business Support and Guidance - 2 <ul><li>Basic information </li></ul><ul><ul><li>Low carbon fact sheet: </li></ul></ul><ul><ul><li>Case studies: (inc. MPAD, TJ International and St Austell Brewery) </li></ul></ul><ul><li>Informal training/ learning </li></ul><ul><ul><li>Basic carbon literacy: (Defra, DH & CDC) Carbon Literacy E-learning </li></ul></ul><ul><ul><li>More general application in business context: Eden’s Green Foundation </li></ul></ul>
    68. 74. Business Support and Guidance - 3 <ul><li>Formal courses in Cornwall </li></ul><ul><ul><li>Carbon Management in the Workplace (Edexcel level 3) </li></ul></ul><ul><ul><ul><li>http :// </li></ul></ul></ul><ul><ul><ul><li>One day course. Dates: </li></ul></ul></ul><ul><ul><ul><ul><li>Wednesday 7 March 2012, Truro </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Wednesday 18 April 2012, Plymouth </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Wednesday 30 May 2012, Truro </li></ul></ul></ul></ul><ul><ul><li>City & Guilds 0674 – Introduction in to Carbon Management </li></ul></ul><ul><ul><ul><li>http :// (via ) </li></ul></ul></ul><ul><ul><li>Degree level: FdSc Carbon Management training </li></ul></ul><ul><ul><ul><li>http :// partner_reference=ALL&chosencampus=cc&toggle=0 </li></ul></ul></ul><ul><li>Cornish Business Low Carbon Peer-Network </li></ul><ul><ul><li>Business Leaders 4 Low Carbon </li></ul></ul><ul><li>South West Marine Energy Park? </li></ul><ul><li>Francis Clark </li></ul><ul><ul><li>Energy and Sustainability News/ Blog </li></ul></ul><ul><ul><ul><li>http:// </li></ul></ul></ul><ul><ul><ul><li>http:// </li></ul></ul></ul><ul><li>Private sector </li></ul>
    69. 75. Finance for projects? <ul><li>Business Investment Growth (Convergence voucher scheme)? </li></ul><ul><li>Energy Efficiency Finance Scheme </li></ul><ul><li>Grant for Business Investment </li></ul><ul><li>Cornwall and Isles of Scilly LEP RGF? </li></ul><ul><li>Property Gap Fund </li></ul><ul><li>Technology Strategy Board </li></ul><ul><li>Waste Prevention Loan Fund? </li></ul><ul><ul><li>http :// </li></ul></ul><ul><li>AD Loan Fund (£50k to £1m, Looking for applications from Councils…) </li></ul><ul><ul><li> </li></ul></ul><ul><li>http :// </li></ul>
    70. 76. Finance for Business <ul><li>Business Angels </li></ul><ul><li>South West Cleantech Co-investment Fund </li></ul><ul><li>CrowdCube and </li></ul><ul><li>Private Equity </li></ul><ul><ul><li>Albion, HIG, Gresham, Catapult, Downing, ISIS, etc </li></ul></ul><ul><li>Energy Companies </li></ul><ul><li>Large SMEs?? </li></ul>
    71. 77. Why am I here? <ul><li>“ I have a dream…” </li></ul><ul><li>Business opportunities </li></ul><ul><ul><li>Accounts, Audit and Tax </li></ul></ul><ul><ul><li>Specialist tax </li></ul></ul><ul><ul><ul><li>Business and Individual </li></ul></ul></ul><ul><ul><li>Corporate finance </li></ul></ul><ul><ul><li>Renewables funding </li></ul></ul><ul><ul><li>Business funding </li></ul></ul><ul><ul><li>Manufacturing, mining. Engineering support </li></ul></ul><ul><ul><li>Food and Drink </li></ul></ul><ul><ul><li>Tourism </li></ul></ul>
    72. 78. What Next? <ul><li>“ Measure, Manage and Reduce” </li></ul><ul><ul><li>Carbon Accounting/ Environmental P&L </li></ul></ul><ul><ul><li>Tourism – collection of carbon data through ‘Hotel database’? </li></ul></ul><ul><ul><li>Agri-Food – data on energy usage / cow in diary herd </li></ul></ul><ul><ul><li>Etc </li></ul></ul>
    73. 79. Questions and Prize Draw <ul><li>Questions </li></ul><ul><li>Prize Draw </li></ul><ul><li>Breakfast </li></ul><ul><li>Renewables update: Bob’s round up </li></ul>
    74. 80. Renewable Energy Update (1) <ul><li>Renewable Obligation Certificates (ROCs - support for renewable electricity at larger and utility scale ) </li></ul><ul><ul><li>DECC consultation on regime for 2013-2017 period closed in January 2012; response awaited. </li></ul></ul><ul><ul><li>Broadly supportive and in line with expectations, particularly helpful to wave and tidal power in England and Wales which is brought closer into line with Scotland. Some premium for early action introduced </li></ul></ul><ul><li>What we are seeing: </li></ul><ul><li>Acceleration of schemes, e.g. Plymouth Biomass CHP and successors </li></ul><ul><li>Drive to catalyse marine renewables sector in SW England, e.g. Marine Energy Park </li></ul>
    75. 81. Renewable Energy Update (2) <ul><li>Renewable Heat Incentive (RHIs - support for (currently) non domestic renewable heat installations ) </li></ul><ul><ul><li>Usage based tariffs (somewhat analogous to the Feed in Tariff) introduced with first sites approved Jan 2012 </li></ul></ul><ul><ul><li>RHPPS for some domestic installations (re-imbursement of some of the capital cost) pending phase 2 of the RHI </li></ul></ul><ul><ul><li>Significant market interest in biomass under the tariffs, particularly sub 200kw scale </li></ul></ul><ul><li>What we are seeing: </li></ul><ul><li>Some larger schemes, and the banks familiarising themselves with RHI as a revenue source </li></ul><ul><li>Financing ideas / business plans which address some of the higher initial capital costs </li></ul>
    76. 82. Renewable Energy Update (3) <ul><li>Feed in Tariff (FITs - support for sub 5MW renewable electricity installations ) </li></ul><ul><ul><li>Three emergency reviews in 2011 to address take up many times budgeted levels, the last of which has been subject to ongoing legal challenge </li></ul></ul><ul><ul><li>Sub-50kw tariffs to change 3/3/12 or 12/12/11 depending on outcome of legal case; further changes from 1/4/12 </li></ul></ul><ul><ul><li>Further consultation on all aspects of FITs – covering all technologies - expected imminently which will reflect substantial budgetary pressures and, hopefully!, re-think aspects of the scheme to prevent a repeat of the policy chaos of 2011 </li></ul></ul>
    77. 83. Renewable Energy Update (4) <ul><li>What we are seeing: </li></ul><ul><li>Solar : Policy confusion and industry frustration currently retarding market. Large schemes (field-based systems) already viable again after the goldrush and being built; also expect a lot of self-supply industrial installations to come forward again in SW </li></ul><ul><li>AD : Increasing activity with the more generous tariffs for small schemes. Organising a project remains challenging given the nature of the technology and the parties likely to be involved </li></ul><ul><li>Wind & other : A split in the market between installations capable of swift implementation which are being rushed in response to policy uncertainty and those which are “on hold” until the policy framwork is more settled </li></ul><ul><li>Communites: Prospect of favourable tariffs and tax structure for certain community focussed schemes if Review is as expected </li></ul>