Options for Industrial Businesses Toward Achieving Carbon Reduction Targets

摘要

There are a growing number of factors that are fueling business interest in establishing carbon reduction targets and energy transition. These factors include: the acceleration of local policy, shareholder resolutions, technology advances, low carbon and renewable energy standards and tax incentives, favorable economics, corporate interest in 'going green,' as well as other stakeholders, including employees. Businesses are challenged to consider rapid changes in complex and urgent environmental, natural resources and infrastructure issues that affect their current operations and future plans. Many are looking at carbon reduction strategies to manage their risk, improve their carbon footprint and capitalize on opportunities that are emerging from a changing energy supply mix and pricing, new technologies and new incentives. Carbon reduction strategies are often also part of a company's overall sustainability Environmental, Social and Governance (ESG) strategy.This paper will:1. Cover some of the most effective types of carbon reduction opportunities, including: energy efficiency improvements, renewable energy, fuel switching, efficient use and recycle of materials, carbon capture and storage, and investment in carbon sequestration or natural resource solutions;2. Include examples of how these approaches have benefitted the businesses and reputations of energy consumers, producers and distributors; and 3. Provide an overview of how an integrated energy strategy can help in a transition to lower carbon or 'net zero' comrnitrnents, starting with the importance of accounting for Scope 1, 2 and 3 greenhouse gas (GHG) emissions, establishing effective targets and implementing informed changes to business practices, design, equipment, energy, fuel, and material supplies that have resulted in progress toward these targets.