Trading greenhouse gas emissions on an open market is one way to encourage companies to reduce their emissions. Top EU energy companies are showing an increased interest in trading this new commodity, driving the European price per metric ton of emissions to a record high yesterday. Trading volume and prices in the US are a mere fraction of those on the other side of the pond; if international emissions trading becomes a reality, American companies participating in the Chicago Climate Exchange stand to reap some significant rewards.
- Live Twitter Chat: Kimberly-Clark Marks Fifth Anniversary Of Forest Conservation w/Greenpeace
- Best for Business
- 20 Ventures Named to Accelerator Phase of Big C Competition to Change the Way the World Lives with Cancer
- Oscar Nominees, Halo and Freekibble.com Feed Los Angeles Pets in Need
It’s one thing to be aware of the social and environmental costs and benefits associated with your business, it’s another to try and account for them on your balance sheet. This is what the triple-bottom-line (sometimes called the integrated bottom line) approach is all about. As a result, non-financial measurement and reporting skills are increasingly being called for.
The good news is that management accountants are well positioned to adapt their existing skills to manage and measure all of the key components of TBL reporting, which is ultimately used to manage sustainability.
GreenBiz has more to get you started.
Very interesting story scooped by Der Spiegel – Getting frank information from the Chinese government on any topic rarely happens, but Chinese Deputy Director of the EPA talks openly about the potential for meltdown in China’s overburdened environment, remarking that 8-15% of GDP is being lost to polluted air and water. “This Miracle will end soon” – Pan Yue
SRM Associates is working on being the SF Bay Area’s leading green building firm. With the market for energy efficient development exploding, this isn’t enormous news. But,
as pointed out on Sustainablog, the big news the fact that a large firm is specifically marketing itself this way, encouraging further competition and innovation.
Need more incentive to reduce your impact on the climate? The Climate Group has a great PDF on the cost savings that can be enjoyed while reducing greenhouse gas emmissions. The report features highlights of profitable carbon reduction schemes at companies from Alcoa to Westpac. [PDF Here]
From the FT (requires subscription): With even the most optimistic reports suggesting ANWR contains little more than a year’s supply of crude, big oil companies are split on whether to bother drilling. BP, among others, wishes to “remain on the sidelines of the debate”, having withdrawn from pro-drilling lobbying efforts 2 years ago.
The California Clean Energy Fund was established as part of PG&E’s bankruptcy settlement. Nth Power, one of three venture capital firms chosen to divvy up the $30 million amongst companies in the clean energy sector, estimates that $500 million (more than 2% of total VC funding) was invested in domestic clean energy projects in 2004.
If a Chinese restaurant uses nice, reusable chopsticks I always give it extra points. Nonetheless, most dont, resulting in about 10 gazillion perfectly good pieces of wood being tossed in the landfill every year. Rather than fret over the waste, Kwytza Kraft saw a business opportunity. They’re creating surprisingly good looking products, from lamps to floormats, out of chopsticks they collect and clean.
Every company knows that saving energy means saving money, but how do you convince employees to make it happen? Simple – just display the meter. The “Energy Mirror” concept places a series of iteresting gauges in the building’s lobby so that anyone can monitor a firm’s progress toward greater efficiency. Worldchanging has more on a project at Epson.
While economies of scale favor large operations, there’s still hope for the small-time farmer. UC Santa Cruz just released Teaching Direct Marketing and Small Farm Viability: Resources for Instructors, 604 pages of tools and resources for teaching business planning and the latest marketing skills to keep small farms economically viable. (thanks Elizabeth!)
The Sea Change Investment Fund is designed to net a “compelling return” for investors while supporting the market for fish caught or raised in a sustainable manner. Though not accepting new investors at this time, this type of fund expands the range of alternatives to questionably-responsible SRI funds. (Thanks Elizabeth)