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Environmental News>

UK government launches Business Climate Development Hub to help 5.5 million SMEs decarbonise

  • 2023-08-14

To support small and medium-sized enterprises (SMEs) in saving energy bills and achieving decarbonization, the UK government has launched a new Business Climate Hub. The hub was jointly established by the Department for Energy Security and Net Zero (DESNZ), the Federation of Small Businesses (FSB), National Grid and NatWest, and other organizations. It aims to provide a one-stop service for approximately 5.5 million SMEs in the UK, helping them find advice on reducing their carbon footprint and saving energy bills.

SMEs represent approximately 99.2% of all UK businesses, three-fifths of employment, and approximately 50% of turnover, making them crucial to the journey towards net zero emissions. Compared to larger businesses, SMEs have fewer resources and investment capital, and therefore face significant challenges in achieving net zero decarbonization goals. Therefore, the center provides resources and advice on cost-effective climate strategies, carbon credits, operating grants, green loans, sustainability training, waste reduction, and matching green suppliers. A free carbon emissions estimation tool is also available to help SMEs measure and track their emissions.

Furthermore, research has found that 90% of SMEs are keen to address climate change, but find it difficult to know how to implement it or where to start to understand the right solutions to reduce their carbon footprint. Therefore, in addition to providing the aforementioned services, the Center also encourages SMEs to join the SME Climate Commitment, committing to halve greenhouse gas emissions by 2030, achieve net zero emissions by 2050, and disclose emission reductions annually.

Source: Yahoo

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