Quantifying your Greenhouse Gas Footprint and Implementing...

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Quantifying your Greenhouse Gas Footprint and Implementing a Carbon Management Strategy: WHATS THE POINT?

Transcript of Quantifying your Greenhouse Gas Footprint and Implementing...

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Quantifying your Greenhouse Gas

Footprint and Implementing a

Carbon Management Strategy:

WHATS THE POINT?

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For the Moment, Anyway…

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An overwhelming scientific consensus maintains

that climate change is due primarily to the human

use of fossil fuels, which releases carbon dioxide

and other greenhouse gases into the air.

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Presently, Nigeria’s energy supply system ischaracterized by technical inefficiency. Nigeria is alsoculpable for huge amounts of gas flaring. In addition tothese issues and as a result of the expected increase infuture energy demand, there will be increasedgreenhouse gas emissions which will also increase thetotal build up of greenhouse gases in the atmosphere.

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What is a Greenhouse Gas footprint?

A Greenhouse Gas (GHG) footprint is a measure of the GHG

emissions that an individual or company emits from his / its

business as-usual operation or activity. These emissions often

transpire from activities that require combustion of fuel and

electricity as well as use of paper.

WHAT’S IT ALL ABOUT

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72.6%

26.3%

1.1 %

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The following sources are generally considered for GHG calculation:

• Energy consumption / electricity used

• Fuel use for heating and power generation

• Fuel use for ground transport, such as corporate fleet of cars

• Fuel use for air travel

• Consumption of paper products

• Refrigerant gases used

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V4 Advisors will work to

develop a Carbon

Management Strategy (CMS)

that will enforce the group’s:

•Sustainability and CSR

•Financial bottom line

•Marketing platform

•Environmental standing

•Reinforce the groups

standing through an

internationally recognized

certification

www.V4Advisors.com

1- Define the CMS

2- Audit the GHG emissions

3-Communicate

the GHG

4- “Built on GHG

Protocol”

5- Reduce the GHG Emissions

6- Verify the reduction,

report and re-audit

Carbon Management Strategy

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What is Greenhouse Gas Protocol Corporate Standard?

"The Greenhouse Gas Protocol (GHG Protocol) is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions. The GHG Protocol, a decade-long partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development, is working with businesses, governments, and environmental groups around the world to build a new generation of credible and effective programs for tackling climate change.

Hundreds of companies and organizations around the world are using GHG Protocol standards and tools to manage their emissions and become more efficient, resilient, and prosperous organizations.

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USERS

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Set a Greenhouse gas baseline for Nigeria

Give Nigerian companies the Built on on GHG Protocol certification, an

internationally recognized certification among Fortune 500 companies

Create an internal benchmark that can be used to assess priorities

Link emissions to growth, profitability and energy efficiency

Assist companies in their Global Reporting Initiative (GRI) report or other

reports by providing information on its GHG Emissions

Reflect corporate social and environmental responsibility

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24% reduction

Direct CO2-e

Emissions Per Tonne of

Product Manufactured

Energy Consumption

Per Tonne of Product

Manufactured

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Energy Efficiency vs. Conservation?

• Energy efficiency is "using less energy to provide the same service”

• Modern energy services can help improve the quality of life for millions around the world and underpin progress in all areas of development

• Energy conservation is reducing or going without a service to save energy

• Given that energy use is closely linked to GHG emissions, energy conservation and efficiency will result in a significant reduction in the carbon footprint

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What can we do?Turn off the light when leaving a room

30 minutes’ unnecessary lighting per day amounts to 5 days continuous lighting after one year

Use energy efficient appliances

Energy saving light bulbs use five times less energy and last eight times longer

Recycle waste and use fewer disposable products

Each year, waste incineration produces the same amount of CO2 emission as 2.3 million cars and wastes natural resources, which must be extracted and processed, also emitting CO2

Change your easting habits

Our food choices can reduce GHG emission and our climate footprint by eating less animal protein and more seasonal fruit and vegetables

Cut down on paper

Deforestation accounts for the some 20% of global emissions and making paper requires a great deal of energy.

Switch off appliances on standby mode

A computer on standby still consumes 20 to 40% of its regular power! All appliances on standby are adding to your electricity bill

Reduce internet use on your computer phone and tablet

Internet searches emit almost 10KG of Co2 per user per year due to the servers used

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WHAT ARE WE DOING

THE EQUATOR PRINCIPLES

The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects.

Currently 81 Equator Principles Financial Institutions (EPFIs) in 36 countries have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets

Nigeria has signed to this principle and developed the Nigerian Sustainable Banking Principles.

Principle 1) Our Business Activities: Environmental and Social Risk Management We will integrate environmental and social considerations into decision-making processes relating to our Business Activities to avoid, minimize or offset negative impacts

Principle 2) Our Business Operations: Environmental and Social FootprintWe will avoid, minimize or offset the negative impact of our Business Operations on the environment and local communities in which we operate and, where possible, promote positive impacts

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The Case for a Carbon Tax• A carbon tax would raise the price of fossil fuels, with more taxes collected

on fuels that generate more emissions, like coal. This tax would reduce demand for high-carbon emission fuels and increase demand for lower-emission fuels like natural gas. Renewable sources like solar, wind, nuclear and hydroelectric would face lower taxes or no taxes. To be effective, the tax should also be applied to imported goods from countries that do not assess a similar levy on the use of fossil fuels.

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• Around 1.1 billion people worldwide—roughly the population of India— still live without access to electricity with most concentrated in Africa and Asia. Another 2.9 billion rely on wood or other biomass for cooking and heating, resulting in indoor and outdoor air pollution attributable for 4.3 million deaths each year.

• Energy is fundamental to economic growth and environmental sustainability. Access to affordable, reliable and sustainable energy is vital to ending extreme poverty and promoting shared prosperity

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There is no place like home.And there may never be…

Do your Part, you control climate change

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CONTACTS

Lynsey Elston

African Representative

+234 8090706940

+ 234 9020017093

[email protected]

www.V4Advisors.com

www.V4Advisors.com