1 Energy in Global Recession: The Way Ahead www.conferenceboard.org Avoid, reduce, and substitute. These three principles shoul. [...] The cleanest and most affordable energy form is the one not consumed Businesses are initially reluctant to foray into energy efficiency projects since they typically require considerable upfront capital and have relatively long payback periods. However, from a sustainability perspective, businesses need to adopt a long-term vision for energy saving projects to diminish energy as a cost factor in t. [...] 2 Energy in Global Recession: The Way Ahead www.conferenceboard.org . [...] Energy has been vital to business growth, but the current energy mix is not sustainable Businesses, by following the Avoid, Reduce, and Substitute principles, can lead the energy transition toward a cleaner energy mix that will offer them protection from energy price shocks and higher energy security in the long term. AUTHORS 3 Energy in Global Recession: The Way Ahead www.c. [...] www.conferenceboard.org 4 Energy in Global Recession: The Way Ahead www.conferenceboard.org .
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