From 1st January 2013, the EU ETS will be the biggest single policy instrument for addressing climate change in the EU; by 2020, EU ETS will be saving 500MtCO2e per year. There could also be further initiatives to reduce emissions if the EU moves to a 30% GHG emissions reduction target.
Whether you are headquartered or have operations in the EU, the new regulation and market forces are creating a number of drivers for change for organizations around the world:
- Carbon pricing is increasing the cost of doing business, both directly on your emissions and through higher energy prices
- EU ETS, along with emerging national and international schemes, provides fines and penalties for noncompliance with potentially serious financial implications
- When competing in a global marketplace, the response to carbon regulation can fast become a source of competitive advantage for you.
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