Thursday, August 21, 2008

Carbon reporting standards: a beginners' guide


Businesses are under increasing pressure to quantify emissions, luckily there are already some established measurement mechanisms in place

Arguments about whether governments are legislating fast or thoroughly enough to really tackle climate change aside, legislation is coming.

As a result, an increasing number of UK companies will have to get their heads around the idea that carbon reporting could become just as requisite a part of being in business as financial audits.

This year sees the UK's Climate Change Bill become law as the government attempts to deliver on its commitment to achieve a 60 per cent reduction in emissions by 2050. The bill contains powers to enforce emissions trading schemes including the Carbon Reduction Commitment (CRC) which comes into force in 2010 and could require companies to include carbon emission information in the financial reports.

See full Article.