Over 90% of Companies Rate Environmental Benefits as Key Motivation for Interest in Carbon Offsets
Posted on: Wednesday, 23 September 2009, 08:00 CDT
The Carbon Management and Offsetting Trends Survey was originally undertaken in 2008 to establish what the business consumer thought about the voluntary carbon market and understand the varying views and opinions about the use of carbon offsets as part of a wider, integrated carbon management strategy. Now, one year on, there is still the same underlying impetus that climate change must be addressed, with businesses playing vital and important roles in helping society as a whole in its transition to a low carbon economy.
Highlights of the research, which sampled 280 global, multinational and regional organisations, and 31 carbon companies, included:
* Over three quarters of companies have implemented or have started developing a carbon management strategy * Two thirds of respondents have already offset their carbon emissions or will consider offsetting in the future * Environmental benefits (91%) were highlighted as one of the main motivations for interest in carbon offsets, closely followed by carbon neutrality and marketing (89%) * 72% of participants nominated the US as the most desirable geographic region for purchasing offsets; this may reflect the desire for domestic projects as 56% of the respondents came from North America. Africa and South America were also rated as highly desirable locations for emission reduction projects * Respondents prefer renewable energy projects above any other project type with solar scoring 92% and wind 86% "It's highly encouraging to see this growth in interest from companies
taking climate action, despite the doom-and-gloom outlook on the global
economy this year," said
The survey received 311 responses from a mix of global, multinational and regional companies, covering a diverse range of sectors and industries. It provides significant insight into companies' perceptions of carbon offset projects and the voluntary carbon market. Support for this research initiative was provided from a number of organisations, which include: 2Degrees, Borealis Offsets, Carbonoffsetsdaily.com, GreenBiz, The Karo Group and Westgate.
To download your free copy of the Carbon Management and Offsetting Survey results 2009, please visit: http://www.ecosecurities.com/Standalone/Carbon_Management_and_Offsetting_Trend s_Survey_Results_2009/default.aspx
(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. Remove the space if one exists.)
Notes to Editors:
About EcoSecurities:
EcoSecurities has spent the last 12 years focusing on climate change mitigation activities and is now one of the world's leading organisations in the business of sourcing, developing and trading emission reductions. EcoSecurities' emission reduction portfolio covers a wide range of emission reduction standards (Gold Standard, CDM, VCS etc), technology types and geographical locations. In addition, EcoSecurities provides clients with carbon management services, helping them to understand and deal with an increasingly carbon constrained world.
EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at http://www.EcoSecurities.com.
About Baker & McKenzie LLP
Baker & McKenzie LLP was the first law firm to recognise the importance of global efforts to address climate change and the importance of such legal developments to our clients. For more than ten years, the firm's dedicated team of over 60 lawyers have worked on numerous pioneering deals, including writing one of the first carbon contracts, setting up the first carbon fund, advising on the first structured derivative transaction and the first REDD project. In 2008 and 2009, legal directory Chambers Global ranked the practice as Tier 1 for climate change law.
About ClimateBiz:
ClimateBiz is the business resource for climate management. ClimateBiz informs CFOs, CIOs, supply-chain, operations and other executives on the key business issues in climate and carbon. The website and its free fortnightly newsletter ClimateBiz News offer news, best practices and resources in such areas as carbon measurement, reduction and trading; renewable energy; and carbon offsets.
For further information: Rachel Mountain EcoSecurities +44(0)1865-202-635 rachel.mountain@ecosecurities.comSOURCE EcoSecurities
Source: PR Newswire
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