E&Y: Global Carbon Plan Unlikely Soon
After the failure of the Durban conference to commit the international community to a new deal on carbon emissions, the consultancy believes that it is unlikely that an treaty that forces companies to radically alter their carbon-related activities will materialize prior to 2015, according to Into the unknown: Climate change post Durban.
The Durban conference committed countries to drawing up a carbon reduction treaty by 2015, but factors such as China’s apparent preference for economic growth over sustainability and political inertia in the U.S. offer little evidence that a deal will be reached prior to the 2015 deadline, the report says.
However, if Barack Obama wins a second, and final, presidential term, freeing himself from the shackles of electoral success, a U.S.-led treaty would be more likely to happen, the report says.
The consultancy stresses that the current lack of international pressure does not mean there is no incentive for companies to think greener. The reputation and financial benefits that can be achieved by improving sustainability should still be considered, according to the report.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Con Edison Development Procures GE Energy Storage System
- Courthouse Replaces Oversized Boiler
- Indoor Farming Company Works on HVAC with PUE 1.0
- Toolkits Designed to Help Health Care Facilities Reduce Energy
- San Antonio Macyâ€™s Store Showcases Better Buildings Challenge Measures
- Natural Gas Gensets to Reach 27 GW of Installed Capacity by 2024
- Larson Releases a Solar Powered Generator with Manual Crank Mast
- Energy Efficiency in Food Service Businesses