Episode
2

The Energy & Carbon Business Basics

June 30, 2021
|
Duration:
1636403
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In This Episode:

Join energy coaches David Arkell and John Pooley on an episode about energy and carbon business basics. This episode features an introduction to energy and carbon, common carbon terms, and how to meet targeted company energy and carbon goals.

Highlights

Energy Misconceptions: Many businesses believe energy costs are fixed or that managing energy isn't their responsibility. The hosts challenge this by highlighting energy as a controllable expense that can lead to significant savings.Definition of Carbon: The term “carbon” in the context of business usually refers to greenhouse gas emissions, including CO₂ and other gases. They explain the impact of these emissions on climate change and the need for carbon reduction strategies.Carbon Footprint and Neutrality: The episode provides definitions of “carbon footprint,” “carbon neutral,” and “net zero,” helping companies understand the different approaches to reducing their environmental impact.Regulated vs. Deregulated Markets: Businesses in deregulated energy markets can shop around for the best supplier, while those in regulated markets rely on a single utility. Understanding the type of market impacts the options available for cost management.Long-Term Vision for Carbon: Unlike energy savings, which can often be tracked over a year, carbon reduction requires a longer-term view, with many companies aiming for net-zero emissions by 2050.

Key Insights

Comprehensive Energy Planning: To effectively manage energy, businesses need to collect data, understand their current usage, and set reduction goals based on this baseline.Corporate Responsibility and Literacy: Senior management’s involvement in energy and carbon strategies is essential. Leaders must become literate in energy and carbon issues to make informed decisions that align with long-term goals.Impact of Carbon Policy: Regulations and carbon taxes are increasing, pushing companies to reduce emissions to avoid financial penalties, making proactive energy and carbon management financially beneficial.Incremental Steps to Net Zero: Companies should start with smaller, manageable energy-saving projects and build towards larger sustainability goals like carbon neutrality or net zero, using offsets or renewable energy sources.Cross-Departmental Involvement: A successful energy and carbon strategy requires collaboration across departments, as each team plays a role in managing and reducing energy use.

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