DOWN THE LINE
Going carbon neutral is no small undertaking for any company. Trailblazers are managing to cut emissions from their production facilities, but are finding it much more difficult to achieve the same results with suppliers and in transport
Companies with factories in countries less focused on the energy transition may find switching to renewables difficult, leaving them little choice but to buy emissions offsets, such as UN certified emission reduction (CER) credits. Whether such schemes help decarbonise the world is questionable
What Palsgaard has obtained is impressive. But the company risks losing momentum. It needs to look at how it will reduce emissions beyond its own production, from customers, business partners and suppliers
Two large companies, Chr Hansen and Novozymes, are the Danish food ingredient businesses best known internationally for their sustainability efforts, but mid-sized Palsgaard is quietly ploughing its own furrow. The company, which produces emulsifiers and stabilisers for cakes and ice cream coatings, became carbon neutral in 2018, two years ahead of target. But this initial success risks being undermined by a dependence on carbon offsetting and an inability to reduce emissions in its supply chains.
Going carbon neutral in its six factories, which span Mexico, Malaysia, China and the Netherlands, has enabled the company to reduce emissions from 12,029 tonnes in 2010 to zero in 2018. This reduction has saved 56,175 tonnes of carbon dioxide — equivalent to annual emissions from nearly 5000 average European households. ...
Much as in the energy transition debate, the big question is who pays for carbon removal
The world’s building stock is forecast to double in size by 2050 to house a global population of 11 billion. If climate neutrality is also to be met by this date, the construction industry will have to significantly slash emissions from the materials it uses
Europe is moving fast to make the financial innovations required to underpin its Green Deal, write Tom Jess, Policy Advisor, and Kate Levick, Programme Leader, at E3G, an independent climate change think tank
Poland gets a lot of bad press for its over reliance on coal, but Jan Rosenow and Richard Cowart from the Regulatory Assistance Project highlight how the country is putting in place regulations that could see it become a leader in ending the use of coal to heat homes