Carbon Emissions Control Managing Emissions in the Carbon World
Companies can accurately manage their carbon footprint and assess the effectiveness of their greenhouse gas emissions while safeguarding the long-term competitiveness and profitability of their business by adopting innovative software.
We live in a world that is reliant upon carbon. We exploit it, consume it, shape it, burn it, wear it and, in fact, this chemical element is the basis of life. The irony is that such dependence on carbon has led to a world where there are more carbon sources. And hence, we spend enormous efforts trying to mitigate its environmental impact.
Managing carbon emissions and meeting environmental regulations is a high priority for governments and manufacturing businesses across the globe. Leaders fiercely debate the significance of climate change that has occurred in recent decades. While industrial technology is partly responsible for leaking carbon emissions into the atmosphere, technology can also play an important role to manage and reduce carbon dioxide (CO2) output. In addition, companies need to explore the use of more sustainable biofuels that can provide considerable emission reductions as compared to the use of fossil gasoline and diesel.
Tracking the Impact of the Carbon Footprint
The majority of greenhouse gases (GHG) are derived from burning fossil fuels to produce energy. The petroleum industry has been widely cited as the main offender when it comes to releasing large amounts of carbon dioxide and other GHGs into the atmosphere.
According to International Energy Agency (IEA), the chemical and petrochemical industry accounts for 30 per cent of the global industrial energy use and 16 per cent of direct CO2 emissions. More than half of the hydrocarbons used in the industry are for feedstock, which cannot be reduced through energy efficiency measures.
Climate scientists have reported that CO2 concentrations in the atmosphere have increased significantly over the past century. It is this increase in CO2 and other so-called GHGs that is being held responsible for climate change. Concern over the earth’s global warming and the impact of CO2 emissions has fuelled much debate and prompted industry leaders and governments to work together more collaboratively. The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) is an international treaty that sets binding obligations on industrialized countries to reduce GHG emissions. As part of the agreement, many developed countries have agreed to the legally binding limitations or reductions in their emissions. The European Union is committed to a 20 per cent reduction in energy consumption and 20 per cent fewer emissions by 2020 (this forms part of the 20-20-20 energy plan). IEA has identified energy efficiency improvements as the most significant solution to reduce emissions associated with energy consumption.