Recession Requires Carbon Strategy Refresh
Published: 30 March 2010
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4 pages, 2 figures
Executive Summary
The 2008 credit crunch caused deep falls in business activity, energy demand and consequently carbon dioxide (CO2) emissions. On March 25, 2010 the UK Department for Energy and Climate Change (DECC) announced that the UK’s CO2 equivalent emissions from the six greenhouse gases covered by the Kyoto Protocol fell by 8.6% in 2009 compared to 2008 emissions. But what does this one-off fall in CO2 emissions mean for individuals responsible for carbon strategy? This report provides the data for UK emissions in 2009 and assesses the implications for energy, environment, facilities and finance directors responsible for their firms’ carbon management plans. Verdantix analysis suggests that far from making life easier for managers responsible for carbon reduction, the recession makes life more unpredictable without eliminating the need for absolute reductions for regulatory reasons.
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TABLE OF CONTENTS
RECESSION ADDS UNCERTAINTY TO CARBON REDUCTION PLANS
UK CO2 Emissions Fell A Dramatic 8.6% In 2009 Compared To 2008
Recession-Driven Falls In Emissions Cause Carbon Strategy Problems
Firms Need More Sophisticated Carbon Forecasting Capabilities
TABLE OF FIGURES
Figure 1. UK CO2e Emissions Fell By 9% In 2009 Compared To 2008
Figure 2. CRC Performance Criteria Measure Absolute Reductions In CO2 From 2011
COMPANIES MENTIONED
BHP Billiton, British Airways, Cisco, CarbonSystems, Google, Hara, HP, IHS, Verisae, Vodafone, Wal-Mart