Australian businesses plan to slash energy consumption and step up efficiency to hold down the expenses of greenhouse gas reduction programmes, a survey of chief executives of top 200 firms by PricewaterhouseCoopers showed.

The survey showed 93 per cent of the chief executives planned to use energy more efficiently to lessen the costs of greenhouse gas emissions when Australia introduces a cap-and-trade emissions trading scheme (ETS) in mid-2010.

Respondent CEOs were keen to identify the low-hanging fruit, in terms of energy efficiency, within their businesses, said Andrew Petersen, the firm's sustainability and climate change partner in Australia.

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