The Carbon credit policy is one of the main policy solution which is geared towards reducing pollution among companies. This is because the emission of greenhouse gases into the atmosphere is dangerous and should be reduced. The reduction of air pollution among the companies can be done through the enforcement of carbon credit policy to all polluting companies. Polluting companies have a great responsibility of ensuring a clean and safe environment. This can be achieved through carbon credit policy.It should be noted that ,the effects of climatic changes in the world over have caused threats to the survival of humankind. The main cause of the climatic change is due to the global warming resulting from carbon emissions.
This paper takes a critical analysis of the composition of a business’s resultant carbon footprint. In the analysis, the focus is going to be laid in the main activities in a business set up, production procedures and services, and asset base. As a strategy, the plan will constitute a potential plan of making a of carbon reduction for the next 20 years. This plan is workable if renewable energy is given priority, implementing energy reduction strategies are met, and if low carbon strategies are effectively adopted. The report will follow an initial plan of reducing energy consumption before considering the use of green energy or zero carbon technologies.
Life Cycle Assessment (LCA) is a progressive analysis of the environmental situation resulting from manufacturing of a product; taking into account all the design methods applied. In achieving this feat, a victorious LCA on any organization’s building component should reflect the future prospect of a comfortable living given the modern needs of our daily living. LCA should ensure we try to rectify our past harm to the environment as this is the most crucial sustainability strategy that any business set up must embrace. A responsible Cooperate Social Responsibility (CSR) has to reflect the well being of its people and a move to conserve the environment is one such obligation. The main building goal of the 21st century is to significantly cut level of energy intake motivated by whole-life/ cradle-to-grave interpretation.
The main goal of a planning phase is to analyze the major concerns at hand in a way that will look into product alternatives. In addition, goal and scope are able to fault limiting factors of a system in use, define the way that would be used to collect data, and outline all the environmental concerns and how to evaluate them. The process of evaluation could be done in a number of ways: identifying an inefficient process of production, new product design that is cheaper to produce than the current product, resource allocation process, and the burden a product would cost to the environment.
Inventory analysis is the methodology adopted in quantifying both inputs and outputs. Inventory analysis is a measure of the factors mentioned in goal and scope above and whose boundary lies within the planning phase. At this stage, all the production needs, products and waste materials and emissions are quantified. This process can be achieved by researching on the mentioned parameters through historical study analysis, doing database searches, and employing data acquisition methodologies.
Impact assessment lays focus on how a business’ activities affect and impact the environment. The impact assessment process is a detailed and comprehensive analysis of the information attained in the inventory analysis. This further step is aimed at interpreting the issues raised in a more focused way so that a format for decision making can be laid. This stage aims at coming up with how real contributors like raw material use, effluent output, gas emissions, energy, and solid wastes among others contribute to environmental depletion. The effects thereof are adequately looked into in relation to how they impact present scenario and forecasted implications they may have on the environment in the future.
After establishing the business processes and production in line with how they contribute to the degradation of the environment, improvement analysis then follows; steps that can be taken to reduce environmental burdens. It requires looking at the overall view of the entire production process and validates how the environment would be made better following the changes yet to be made.
Implementation of LCA as an environmental management strategy has many benefits of improving the environment. Consumers are alert concerning manufacturing of goods and services that are harmful to the environment due to increased concerns for the environment. As a result customers will shy away from buying products and services’ whose production are detrimental to environmental sustainability. This is a concern for any business set up and by adapting environment conscious business processes; a sustainable business life is achievable. In addition, setting up an environment friendly process will minimize wastages and limit the amount of energy consumed; hence, an improved profit margin. An environmental management is a crucial issue for the business should emphases environmental awareness. As a reactionary measure, businesses have made its conservation one of their key CSRs. EMS refers to the general action plan that a business enterprise may take to meet the environmental concerns of the modern world. To achieve this feat, the EMS considers the laid policies, plans, outlined procedures, and processes that constitute the reactionary measure of resolving the environmental debacle. EMSs aim at ensuring compliance with set legislations to protect both the present and future environmental challenges; for instance, employee and human health prospects, and the other surrounding inhabitants. EMS is bound to improve the cost of waste handling and make efficient and improved productivity. To achieve this requirement, the British Standards Institute came up with management standards for the environment.
An approach should be adopted in totality in line with the need of minimal environmental disturbances and to achieve this, there should be new product designs that will work towards no environmental burden. Compliance with legislation will avoid the heavy fine imposition, improved image popularity, and increased asset value. The emission of greenhouse gases: methane, carbon dioxide, chlorofluoro carbons and nitrous oxides cause green house effect that is responsible for the depletion of the ozone layer. These gases absorb and re-emit infrared radiation emitted by the earth and this result into warming of the troposphere. It is therefore crucial to consider cutting the level of emission of carbon dioxide into the atmosphere. The production of carbon dioxide in the atmosphere results from combustion of energy resources to generate power and therefore by cutting down energy use, levels of waste emission are kept in check. In addition, the building should be constructed in a way that they won’t need air conditioning.
In conclusion, global warming is a reality which humankind must manage. The management of global warming will cal for effcienet policies whch are not only geared towards reducing air pollution. In this regard,carbon credit policy is ineveitable important in the quest to rduce global warming.