Carbon Credits
You may hear it spoken about in terms of carbon management; reducing your carbon footprint, global warming, emissions . . . it is a fairly complicated subject.
For our purposes, the evidence from experts shows:
- When we burn fossil fuels – oil, natural gas, gasoline and even electricity generated from fossil fuels - we generate emissions of various types that cause pollution and contribute to global warming.
- When we reduce our emissions by lower energy use we can capture carbon credits.
The carbon credits provide a measure of the reduction in harmful emissions. A monetary value can be attached to the carbon credits that can then be sold or traded.
Markets for trading carbon credits have long been established in Europe but it’s fair to say that in North America and particularly Canada, such markets are still in their infancy. This means our customers have a “ground floor’ opportunity to capture the carbon credits from energy efficiency improvements.
Many of the rules around how credits are produced, their value, who actually owns the credit and how you sell or trade them are being developed. We work with experts in this area to ensure that we are following the protocols currently available to optimize customers’ ability to participate in earning and trading credits.
This means customers should be aware of the potential revenue opportunity. We will work together to put in place the basic groundwork that will be required to generate credits.
Keep an eye on this area as we will continue to update you on progress and how you can capture this opportunity.