The market for carbon is predicted to hit US$100 billion by 2010, making it the world’s largest commodity, says Carbon Planet.
That’s big news for any business that will pay for offsets or sell them – and that’s just about all of us!
One of the first companies certified as Greenhouse Friendly by the Department of Climate Change says adapting to the emerging carbon constrained economy will become vital to business success in the face of increasing regulation and pressure from consumers.
Carbon Planet helps businesses and individuals manage their contribution to global warming and was the first carbon management company with certified Greenhouse Friendly products and services.
Company founder and Executive Director Dave Sag says carbon will be the single biggest commodity market in the world by 2012.
“The carbon market is already in excess of US$30 billion annually and is experiencing unprecedented exponential growth, doubling every eight months.”
“The market size by 2010 is expected to be well in excess of US$100 billion and will continue to grow,” he says.
The wholesale movement of carbon is now an accepted part of the corporate balance sheet and the global panic over climate change is seeing new regulations, new brands, products, services and trading systems to meet the demand for low-emission goods and services.
“The carbon constrained economy is upon us and businesses that don’t start adapting now will face increasing pressure on their operations from clients, staff and suppliers, as well as through domestic and international legislation,” says Sag.
“Remaining ignorant of your place in this new economic order is simply not an option.”
It’s not just about keeping up with regulation — consumers are already making purchasing decisions based on climate change initiatives.
And businesses that embrace carbon management now could be the ones that attract and retain the best employees in the future.
Carbon trading is still an emerging concept for most Australian businesses and Carbon Planet is working to demystify the carbon constrained economy.
The company will show visitors to the Australian Carbon Trading Expo how its tools and services can help individuals and businesses reduce or remove their carbon footprint and stay ahead of increasing regulation surrounding climate change.
Carbon Planet’s Carbon Commerce Director, George Krichauff, said the company is excited to be a major sponsor of the exhibition.
“This event will generate much-needed awareness in the new carbon trading economy and highlight the role of market-based emission reduction solutions in resolving the issues surrounding climate change in Australia,” Mr Krichauff says.
Visitors to the inaugural three-day Expo will have the opportunity to find out more about Carbon Planet’s standards-compliant emissions auditing and carbon credit trading services, as well as the creation and commercialisation of carbon credits.
The company’s base-line audits adhere to both the World Council for Sustainable Business Development’s GHG Protocol Corporate Accounting and Reporting Standard and the ISO 14064-1 and Australian Energy Audits Standard AS/NZ 3598:2000.
Carbon Planet is a sponsor of the Australian Carbon Trading Expo, which will run from April 29 to May 1 2008 at the Melbourne Convention & Exhibition Centre concurrently with the Safety In Action trade show.
For more information, phone Australian Exhibitions & Conferences Pty Ltd on 03 9654 7773, email actexpo@aec.net.au or visit www.actexpo.com.au
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