Sustainability, accounting, language and law. Steve Priddy outlines what he sees as an anomaly in the government’s approach to carbon accounting.
Effbox is a retrofit control device for minimising the energy consumption of industrial and commercial refrigeration and chiller plants. It controls the condenser fans intelligently according to ambient conditions and plant load; reducing overall power use at the compressor & condenser.
These examples represent the other side of the carbon economy. If GHG emissions represent current liabilities to the health of our planet, GHG removals point towards future assets in the transition to a cleaner, more sustainable future. Pushing that argument towards an accounting conclusion, if we accept that GHG emissions must be taxed or capped and traded, then surely by the same logic those practices and technologies which lead to GHG removals should be financially rewarded.
Read the full article NQ Magazine Art