Emissions trading is serious business for business

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6 August 2008

More than 7.6 million Australian businesses could face higher costs as a result of the proposed emissions trading scheme – and the time to start planning is now, according to GHD principal environmental scientist Dr Matt Searson.

While the Federal Government’s Carbon Pollution Reduction Scheme targets Australia’s major polluters, Dr Searson has forewarned that the scheme will challenge many businesses to think about their energy use.

Dr Searson said the proposed emissions trading scheme could push up the cost of basic business overheads such as electricity, gas, water and even paper if energy efficiency options are not considered and implemented.

Dr Searson, who will address the Canberra Business Council Outlook 2020 Forum on August 7,said: “The scheme has been designed to cover most of the economy, either directly or indirectly. For non-liable parties, some 7.6 million Australian businesses, preparation for the scheme will principally involve examining energy efficiency options and at what point to invest in these options”.

He said addressing energy efficiency was the best way to minimise the effects of the scheme for smaller businesses. And he said the proposed framework for emissions trading gave Australian businesses a 5 to 10 year head start for planning, with the price effects of scheme not expected to kick in for some time.

“By addressing energy efficiency, business is also participating in achieving the environmental aim of the scheme – reducing Australia’s greenhouse gas emissions,” he said.

Dr Searson is an environmental scientist who specialises in climate change, carbon accounting and emissions management. He previously worked for the Department of Climate Change, developing policy to manage the voluntary carbon marketing and administering the Greenhouse Friendly Initiative.

GHD is a leader in the area of sustainability. The company assists public and private sector businesses to explore opportunities to reduce their environmental impacts, maximise their efficiencies and develop strategies for continuous improvement.

Leading climate change authority and Reserve Bank Board Member, Professor Warwick McKibbin will also speak at the Outlook 2020 Forum.

When: Thursday, August 7, 12.30pm-2pm.

Where: Hyatt Hotel Canberra

GHD employs 6000 people in a network of offices throughout Australia, New Zealand, Asia, the Middle East, Americas and Europe.

For further information, contact:

Mandi Zonneveldt

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