Green:Net: Carbon Gives a 'Lens Into Inefficiency'
Summary
Carbon pricing will become an important part of corporate accounting, particularly in markets where energy emissions are regulated or in industries in which organizations might have to disclose risks associated with their carbon footprint. “Independent of there being a price on carbon as determined by regulation or markets, carbon is a very useful lens through which to view operational inefficiency — and in particular, inefficiency or waste up and down the supply chain,” said Jim Davis, executive director for Sustainability, Climate and Energy at SAP (S sap). In part, that’s because what’s driving organizations to begin calculating carbon use is not government regulation, but a growing awareness of the returns that can be associated with more efficient energy usage. At the end of the day, it’s about energy efficiency and cost-saving opportunities,” Udo Waibel, CTO and co-founder of carbon management firm Hara. “They’re seeking a tangible return on investment, which helps to drive more awareness.” As a result, carbon pricing is becoming more important to multiple parts of the organization.
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