Four out of five businesses are concerned about their energy security; 36% are afraid that energy costs will increase further still. Meanwhile, 58% of businesses said the cost of energy will delay them meeting sustainability targets; rising energy costs will reduce spend on R&D and investment in workforce training, salaries, and recruitment.
The 2023 ABB Energy Insights Survey of 2,300 leaders of large and small businesses worldwide reveals energy insecurity and high energy prices are a catalyst for a range of long-term environmental, social and economic impacts, including reduced investment in industrial decarbonisation and the workforce. Almost every business leader surveyed (92%) said rising energy costs are…
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