The challenges of moving towards a Low Carbon Economy
There is no doubt that the World has to take climate change seriously. The evidence that changes in carbon emissions are paramount to redressing or at least arresting the ongoing climatic changes we are seeing is too strong to ignore. Recent announcements of the changes to the EU Emissions Trading Scheme will no doubt assist, however, it must be noted that any form of regulation can put added financial burden on a company in these economically challenging times. Meeting the regulations can be expensive but failure to meet them even more so, both in financial, social and also climate terms.
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This Logica sponsored study set out to identify the attitudes towards the low carbon economy amongst key European countries while also analysing the core issues and challenges that companies face in meeting the regulations being set. Attitudes to regulations vary greatly. Some companies embrace them and see the good that they will bring. Some are apathetic and simply accept that change is happening, going about it in a highly pragmatic manner. Others do not see the benefit and continue to fail to put in place the policy changes that are needed to meet the new regulations. This research shows though, that in many cases failure to hit the EU Government regulations can be more a result of poor measurement capability than a deliberate non-compliance stance. |
Meeting the climate challenge - the Logica view
Logica has worked with major players in the energy, transport, retail and manufacturing sectors for several decades. During this period we have successfully managed business transformation and regulatory compliance for these clients. These industry sectors are also the major contributors of GHGs and therefore CO2 emissions.
We have combined our experience and knowledge to engineer a purpose built solution which addresses the business challenges associated with climate change and emissions monitoring and reporting. That solution is Emissions Logic. Emissions Logic is jointly developed by Logica and CarbonSim.
Emissions Logic
Emissions Logic is a complete package for managing GHG emissions. It enables organisations to efficiently and accurately manage CO2 emissions using a variety of environmental methodologies. Those who exceed or fall short of their emission targets can easily plan abatement strategies using Emissions Logic. In a global organisation with multiple installations, it can reduce costs, facilitate verification and enhance transparency. When compared to traditional methods of data capture, such as a spreadsheet for example, Emissions Logic has significant advantages such as data integrity, security and maintainability. It can be integrated to an ERP system. The reports generated through Emissions Logic can be verified with ease by an independent authority. This is a key requirement for compliance under EU ETS or similar schemes.
Key features
Emissions Logic has a user friendly browser based interface. It is modular and has a comprehensive help system. The four main modules of Emissions Logic are:
- Inventory Manager to quantify and track greenhouse gas emissions under a variety of methodologies covering multiple accounting standards and regulatory regimes.
- Compliance Manager to capture and track the details of individual emission allowances used to meet a companies’ obligation.
- Scenario Planner to prioritise abatement options and evaluate alternate policy scenarios.
- Audit, Reporting and Administration to provide a transparent audit trail to track data integrity and prompt reporting in accordance with national regulations.
Emissions Logic is an essential tool for managing a company’s financial liability under EU ETS or similar compliance regimes. The analytical and graphical results produced by Emissions Logic can reduce time when planning a future carbon strategy. This makes enterprise-wide decision making faster and saves potentially million of euros each year.
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