Tom Delay, Chief Executive of the Carbon Trust said:“This report on our activities is very welcome given the urgent need for business to take further action on reducing carbon emissions. The NAO has concluded that we offer value for money in helping businesses reduce their carbon emissions and confirms that we are on-track to deliver an annual reduction of 4.4 million tonnes of carbon dioxide emissions by 2010. Importantly, it also finds that our innovation work, accelerating the development of new low carbon technologies, is effective. I believe this report gives us the green light to extend our work and has some valuable recommendations that we will examine as part of our ongoing commitment to accelerate the move to a low carbon economy.”