Consumers in emerging economies are more concerned and willing to take action against climate change than those in developed countries. Although the economic crisis has not reduced worldwide concern about climate change, 53% people in emerging economies claim to be extremely concerned about it against only a third (31%) in mature markets, according to Accenture.
A majority (56%) in emerging economies think climate change will certainly have a direct impact on their life against only 28% in developed economies. Yet, 70% people in emerging economies are optimistic that climate change can be solved, against less than half (48%) in developed economies.
The polarisation of concern and confidence is reflected in the difference in the willingness to act. Over half (53%) in emerging markets said they would certainly switch to a new product if it was certified to minimise damage to the climate, versus a mere 24% in developed economies. And 61% said they would certainly switch to an energy provider offering lower carbon products and services if this was an option, versus only 30% in developed economies.
?Low carbon investments will be drawn to the most concerned and active consumers and to those economies that can leapfrog to new technologies and implement cutting edge policies. There is a small window of opportunity for western governments to act before a global climate change policy agreement gives emerging economies the incentive to attract investment away from developed markets.?
Consumers need more help to reduce carbon emissions, the report added. ?Governments in North America and Europe cannot assume their countries will lead climate change solutions or policy,? said Sander van ?t Noordende, group chief executive of Accenture?s Resources operating group.
Accenture?s research indicates disparities have opened up in all countries between intentions and actions related to climate change. In 2007, 89% people contacted said they would be willing to switch to energy companies offering low carbon emission products and services. But in 2008, only 12% of those in countries where switching one?s gas or electricity provider was an option actually took that step.
Differentiation between energy providers is a major obstacle to consumer action. Three-quarters say their current electricity/natural gas provider?s climate friendly products and services are no different from those of competitor providers, against only 18% who say they are better.
?Consumer power can compel companies to deliver products and services that address climate change,? said Luca Cesari, global managing director of Accenture?s Utility Industries Group. ?Energy providers must provide a thriving market for low-carbon services and governments must enable this transformation with clear policy and properly aligned incentives. Utility companies are the linchpin and must see the commercial opportunities of delivering affordable low-carbon services.?
?Energy providers can learn from manufacturers of consumer goods how to differentiate themselves through further product and service innovation. Governments and businesses must work together to deploy new technologies ,? said Sander van ?t Noordende.?