Paper
Carbon Management: Voluntary Programs, Regulations, and Corporate Strategies
- Authors:
- Nasrin R. Khalili; Ying Zhang
- Abstract
- Most human activities including those associated with the production processes, transportation, and disposal services require use of energy. Accordingly, every product or service that humans consume directly or indirectly creates either CO2 or other greenhouse gas (GHG) emissions that is commonly defined as “carbon footprints”. The need and the urgency for designing voluntary and regulatory programs that can assist organizations with managing their carbon footprints have been proposed and approached to for decades. The implementation of such programs, however, has become even more evident and critical today as we are experiencing the change in the pattern of the local, regional, and global climate and resulting economic, environmental and social risks those impose. This paper reviews voluntary and regulatory carbon management programs, presents the results obtained from analysing a set of successful carbon management strategies while highlighting their commonalities and critical components, and proposes a proactive, step-by-step approach to manage organizations’ carbon footprints. This is an attempt to assist organizations with designing strategies that could assist them with both discovering the opportunities and managing the risks climate change poses.
- Keywords
- Carbon Management; Climate change ; Clean Air Act Regulations; GHG Management; Corporate Strategy
- StartPage
- 145
- EndPage
- 153
- Doi