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.
Energy Manager News
- Unlocking the Power of Building Data
- Avista Lauds ‘Fair’ Settlement in Idaho Rate Case
- BGE’s SEED Program Offers Energy Discounts to 19 Commercial Customers
- Retailer Offers 100% Solar Plan in Texas
- Dissecting the Data Revolution
- Energy Star Recognizes 16 GM Facilities
- CCI Group Awarded Contract for Anniston Army Depot
- Under Hawaiian Electric’s New TOU Pilot Plan, Time Is Money