Transport’s Carbon & Energy Future
#CleanTransport : Use less fuel, move more freight
What does a COP21 goal of net zero emissions mean for Freight Transport?
Business leaders are calling for a goal of net zero emissions to be set at the UN Climate Change Conference COP21 in Paris this week. With 7% of global emissions coming from international freight transport, and growth in globalisation expected to increase such emissions nearly fourfold by 2050, the response from the logistics industry will be fundamental to meeting that goal. Yet for Freight Transport to achieve zero carbon, a key constraint is having good information all supply chain players can trust. The Volkswagen saga shows how gaps in emission measurement standards or their application can shatter our faith in
Think the emissions scandal is all about Volkswagen? Think again.
The Volkswagen emission scandal is rocking the corporate world and it’s just the beginning. The CEO is gone, the workforce shamed and Germany’s flagship industry is a national embarrassment. But if you think it’s all about Volkswagen, think again, because it seems the system has been open to gaming by vehicle manufacturers for years. Dodgy Test Regime A new article from the The International Council on Clean Transportation (ICCT) exposes systemic flaws in the European vehicle testing regime. Poor regulatory oversight allows vehicle manufacturers to exploit tolerances in vehicle test procedures with impunity. By showing better fuel consumption and emissions
Emissions Reduction Fund – A Transport Opportunity worth Taking?
I stand corrected. Last year I described the Direct Action replacement of the previous government’s carbon pricing mechanism as offering transport companies nothing, yet in the first Emission Reduction Fund (ERF) auction in April, transport group AHG was awarded a $2 million contract to reduce its emissions. For the $1.89 billion (75%) of ERF funding remaining, Reputex predicts almost $100 million could go to transport projects. Can you benefit from the ERF or will your competitors? Opportunity for Transporters: The Emission Reduction Fund uses approved ‘methodologies’ for calculating emission reductions that get compensated by contracted ERF cash payments over an
What’s your Transport Carbon Price?
Have you noticed that people aren’t waiting for 192 countries to agree how to address climate change? Many are getting on with it regardless, setting their own internal carbon prices, creating green investment products and targeting larger carbon reductions than most countries would contemplate at the Lima climate conference. What could all this mean for Transport? Internal Carbon Prices Leading corporations already use internal carbon prices to factor future regulatory risk into current investments and create funds for carbon reduction activities. One study found 150 of the world’s biggest listed corporations – including 22 Australian firms such as Woolworths, Caltex
Manufacturers Target Supply Chain Emissions
As leading corporations respond to increasing customer, investor and community pressures to reduce environmental impacts, it is becoming clear that the biggest impacts occur outside their control but within their influence along the value chain. For some sectors such as retail and food manufacturing, latest estimates put their supply chain emissions at 50% to 90% of their total carbon footprint, and transport often accounts for the largest share. Food Supply Chains Go Sustainable After first reducing environmental impacts within its operations, leading brewer Anheuser-Busch InBev now recognises there are bigger challenges across their supply chain, where a large part of