Eco-Finance

Joining the dots between cost and carbon reduction for finance directors

Carbon reductions in New York

Last week New York Mayor, Michael Bloomberg, launched the “One Year, One Thousand Supers” programme, intended to provide up to 40 hours training to 1,000 building superintendents as part of a campaign to reduce the carbon footprint for the city.
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Carbon savings on IT not being made

A couple of recent news items highlight how common sense and quality leadership can help build sustainable practices and how the lack of it is still hindering it.
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Can SMEs react in time?

“Businesses in Northern Ireland are putting the rest of the UK to shame.”

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Agnostics and Deniers – Its Ostrich Time!

A recent article caught my eye which highlights just how badly the business community (in this case in the USA) wants to deny reality in a last ditch effort to obviate the need to be come responsible in its actions and become more focused on the energy issue.
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What are the lessons of Lehman Brothers?

In a week that marks the one year anniversary of Lehman Brothers’ announcement of bankruptcy and the start of the collapse of the global financial house of cards, it is appropriate to reflect on the implications of this event and what the wider business community can, and should, learn from this.
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Where is the leadership (again!)?

A recent report, published by the Carbon Disclosure Project (The Carbon Chasm Report), contains some good and bad news.
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Boris has been busy!

London Mayor, Boris Johnson has been busy launching and promoting green initiatives all over London, some of which are his ‘baby’ and some of which are just good to be associated with. For a change, however, maybe it’s time to support him.
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Building a better future

A recent report published by The World Business Council for Sustainable Development (WBCSD) claims to be the most rigorous study ever into energy efficiency in buildings, taking four years and $15m to complete.

The report (you can read the details here) was commissioned as a result of some worrying facts: buildings today represent 40% of the world’s energy demand (source: OECD) and the report concludes that the demand for energy is predicted to grow by 45% through to 2050. Although commercial buildings only represent 33% of the energy demand, the technology exists to create or convert commercial buildings to zero demand and zero CO2 output.

The potential outputs for commercial enterprises who take action around this topic are simply staggering. If you could slash a realistic 60% off your energy usage from external suppliers, just calculate what that means to your bottom line.

Organisations considering the impact on their business, next year, of the Carbon Reduction Commitment should investigate the solutions available right now.

You will almost certainly not be able to negate any carbon trading liability for the 2010/2011 period but investment into energy reduction technology today could save those organisations (of which there are some 5,000) that will fall foul of their CRC ceiling significant amounts in the next financial period.

So what is standing in the way of, what seems at first sight, a genuine corporate no-brainer?

“Green” buildings have already been erected in various parts of the world but current cost structure prevents widespread adoption by general contractors.

As has been evident from projects like the Empire State Building project, there is also apathy/resistance from building tenants/owners based on ignorance of the true state of energy affairs and the long term benefits of starting work today.

The project was also a lesson in the lack of political leadership that will certainly be required, both financially as well as ideologically, in order to create progress. Regrettably, the workings of the political systems across the western hemisphere are not designed to deliver results and the emerging nations will not follow a non-existent lead.

So there are certainly major challenges to be overcome, but they are mostly attitudinal. If recent times have taught us anything, investment criteria must certainly be revisited and adjusted for a more sustainable return-on-investment calculation and is eminently ‘doable’.

The project proposed by the WBCSD will comprise three phases, each producing reports that, together, will form a roadmap to transform the building industry.

The first report will document existing green building successes and setbacks, the second will identify the full range of present and future opportunities, and the third will present a unified industry strategy for realizing those opportunities by 2050, specifically in China, India, Brazil, the U.S. and the E.U.

Each report will take one year to complete and involve hearings and conferences with building contractors and suppliers, sustainability experts, government representatives, regulators, utility officials and others.

It strikes me that the clock is ticking and any organisation seeking answers to the question of exactly how long they can continue with business-as-usual should be getting involved with this project. It does not appear that there is anything to lose other than a big chunk off your bottom line operating costs.


Do you want to eat or drive?

It seems appropriate, in a week that petrol and diesel prices have been hiked up, once again (this time by 2 pence per litre), and amid comment from industry analysts that they cannot rule out the Government raising fuel prices to £1.20 per litre in the current lifetime of the administration, to reference an article recently written by Nick Reeves, Executive Director of The Chartered Institution of Water and Environmental Management (CIWEM).
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Wanna be a dot eco?

The green bandwagon continues to roll on, providing the ruthless and unethical with another opportunity to make money out of the growing environmental movement to create a more sustainable global economy.
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