Image credit: blog.michellekaufmann.com
With world leaders meeting in Copenhagen now for the United Nations Climate Change Conferences, it make sense to discuss who should take responsibility for the well-being of the Earth and its resources. At the end of last month, the Financial Times published an article that acknowledged government’s responsibility to provide the framework, but called on companies to “deliver results” when it comes to clean technology.
With products such as Cavotec’s AMP or PCAir systems, we certainly hope to be contributing to the business side of the effort.
The article goes on to cite that revenues for low-carbon industries rose 75% in 2008, meaning revenues would exceed $2,000 billion by 2020 if the current trends continue. Though beset by initial setbacks early in the recession, with $500 billion of the global stimulus package earmarked for “green” projects, the industry saw a big boost. In fact, the large government investments stimulated the private industry to take a greater interest in clean technology.
With governments upping their “green” commitments and businesses following suit, “the future is bright, the future is green,” according to the FT. We are interested to see what kind of commitments and actions come out of Copenhagen this week.
Read the article in full here (site requires registration).
Cargo ship, © NORDCAPITAL
We recently applauded the airline industry as the first to take a united stand in cutting emissions. In our business, one of our next thoughts was – what about the shipping industry?
The International Chamber of Shipping cites international shipping as “by far, the most carbon efficient mode of commercial transport – some 30 times more efficient than cargo aviation.” However efficient it may be, shipping still produces 3 per cent of world carbon dioxide emissions.
A related Financial Times article said the the UK government would be “pressing for both shipping and aviation to be included in an international scheme [to decrease carbon emissions] and that the industries should lead the debate because otherwise others would do so for them.”
This last point resonates on several levels. Firstly, as a company with a heritage of innovative efficiency (for example, read here or here) we help shape all industries in which we work. Ultimately, we hope to see both the airline and shipping industry become cleaner and more effective. While in the past, efforts to combat global warming tended to be based on geographic boundaries, these recent pledges suggest that industry is taking a more supranational approach.
We look forward to seeing other industrys follow suit.
© National Geographic Society
Yesterday’s Financial Times stated
that the airline sector is the first sector
that has taken a united stand against global warming by annoucing an industry-wide plan to cut carbon emissions. The International Air Transport Association (IATA) said that memebrs have agreed to cut net emissions by 50 percent by 2050
(from 2005 levels). The airlines also plan to improve carbon efficiency by an average of 1.5 percent per year
up to 2020, at which point net emissions will be stabilised.
Is this good news? Well, the business perspective, represented by a senior strategist at BGC Partners “questioned potential costs of the plan’s propsosed emission cuts.” Meanwhile, environmental campaigners said “the airlines’ plan did not go far enough.” While it may never be possible to keep everyone happy, at Cavotec we are encouraged by such IATA’s asiprations. As a proud IATA member, we are in support of any movement towards a more clean and efficient industry.