That second question is one nearly none of us have ever considered at work, but in the new energy century, businesses will assuredly be required to keep account of every ton of carbon dioxide they pollute annually. What are the accounting practices and procedures we'll use to add up all those invisible but deadly plumes of carbon dioxide? What will the price be for a ton of carbon credits? What is the penalty be for exceeding your annual limit?
These critical questions are part of the new energy century and will be coming to an office, factory, or pizza shop near you. But have no fear: carbon cap and trade is a financial opportunity, not a drag on the bottom line. Consider this recent post by Ryan Schuchard on Greenbiz.com
"Companies that generate and rely on low-carbon energy are set to prosper, as are those that can exploit technological breakthroughs in resource efficiency and materials. Those firms generating new forms of energy -- in particular, renewables -- will participate in a massively growing market. Companies in industries that address adaptation problems, such as pharmaceuticals and biotechnology, stand to gain. In the end, as the world’s climate policies are developed and strengthened, there will be important roles for companies from almost every industry."I couldn't agree more. Not only will an entire new market be created in which international carbon credits will be traded, but carbon brokerage firms, carbon accounters, carbon assessors, carbon auditors, carbon day traders, and a thousand other carbon-related jobs stand to be created in the next decade.
I encourage energypreneurs to think creatively about solutions to the dilemmas facing corporations around their carbon obligations in the coming months and share ideas here as authors on the Energyprenuers blog.
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