Enigin Solutions In Carbon Trading Context
Since I’ve started working for Enigin, I’ve become extremely sensitive to environmental issues, even though I already felt concerned by climate change in the past. Consequently, I read a lot about what is going on in the press concerning global warming and the measures and policies the world is slowly adopting to curb these dramatic climatic phenomena.
Enigin PLC’s ethical perspective is that saving energy gives businesses the opportunity to be proactive about saving the planet (by reducing their carbon footprint) and also allows savings on energy costs.
Although Enigin operate all over the world and earn their success with the quality of their products and customer service, some countries are more reluctant than others about applying basic green methods in order to contribute in saving the environment, as they fear it could harm their economy.
While scanning the news the other day, I read something worrying concerning Russia. The Russian’s heavy industry collapse, in the 90’s, has resulted in the country getting the largest stock of credits to offset carbon emissions.
Should Russia suddenly decide to sell their credits abroad, worth several billion dollars, it could make the price of carbon on the world’s fragile emissions markets plunge towards 0.
If carbon emissions are not expensive, it is all the more unlikely that the world will make the needed investments to shift from a carbon-intensive industrial economy to a low-carbon, more sustainable economy, in either developed and developing countries.
Carbon trading basically involves governments issuing or selling permits to polluting companies (companies that emit gases that affect climate change according to scientists). The companies in question must buy credits to pollute if they go over the carbon emissions threshold, and they can also sell acquired credits to other companies if they find that they come below their cap.
Logically, with the lowering of tolerated carbon emissions, credits to emit greenhouse gases should become more expensive. The system works in that companies try to avoid spending a lot of money on credits and decide to find alternate energy solutions, such as the energy efficient technology that Enigin provide, so as to save money not only because they don’t need to purchase credits anymore but also because the energy saving products they install save them money daily on energy bills.
The EU already has such a system in place and the aim is for all industrialised countries to have a similar model in place by 2015, and for emerging economies (such as China and India) to adopt one by 2020. The USA are also thinking about implementing a similar system.
Some environmental groups warn that those carbon markets might result in only providing a mere fraction of the money that some poor countries need to develop energy saving technology and reduce their emissions, mainly because richer nations are reluctant to make their reduction targets more stringent.
Stricter thresholds would generate more demand for more offsetting in the developing world. Theoretically, that should then make the price of carbon rise, allowing governments selling permits to dispose of more finances to redirect to a future global climate protection fund.
Russia dispersing its credits is just another one of the challenges currently faced by emissions trading, which is the fundamentals hoped on for any global agreement that may emerge from the Copenhagen conference currently under way - Russia could fundamentally affect the environmental integrity of what is being discussed in Copenhagen in the hope of an agreement.
The US, like all industrialised countries generally, are relying on carbon trading because they believe it’s the most cost-effective way of meeting emissions targets, which aim to reduce the amount of carbon released into the atmosphere. By making carbon prices rise, it is expected that companies will be turning to other forms of energy sources, and implementing energy saving technology, like Enigin PLC’s, to reduce their costs and emissions.
Since I’ve been with Enigin, I’ve really thought about these issues a lot and I definitely agree that the best way to make people’s behaviorism change regarding the environment is to affect what matters most: money. If a system exists where business owners can actually save money, and a lot of it, then it will be the chosen option, regardless of what its consequences are. So, if the consequences are positive for the environment, which is the case for Enigin PLC’s energy saving appliances, then it’s a win-win situation.
The planet is at a turning point, as world leaders are trying to agree on how to go about cutting emissions and more importantly, to what degree the measures chosen are going to be pushed. Hopefully, the outcome will be encouraging, as very little time is left for us to be able to act on climate change. Soon, it will be too late!
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