The Concept of Carbon Neutrality

Carbon neutrality – reduction of greenhouse gas emissions to zero in the course of the company’s activities.

The purpose of the concept is to form a responsible attitude of business to the environment and an understanding of the need to meet modern requirements for sustainable business development and the ESG concept.

The concept is being developed for companies with long-term and ambitious goals in the field of sustainable development, achieving carbon neutrality and obtaining additional profits from eco-oriented consumers and investors.

Allows you to meet ESG trends, to be an active participant in the new low-carbon market. Therefore, achieving carbon neutrality, a company needs to be able to calculate its emissions, know how to optimize and compensate for them. In the future, these skills will allow businesses to save a large amount of money, paying carbon taxes, the system of which is already being developed by different countries within the framework of the Climate Agreement.

There are 2 main greenhouse gas reporting standards for enterprises: GHG Protocol, which includes 3 scopes (Scope 1,2, 3) and ISO 14064.

The calculation of emissions by Scope 1 and Scope 2 is mandatory during preparing non-financial reporting under the GHG Protocol or ISO 14064.

• Minimizing direct emissions and switching to renewable energy sources (RES). The process involves eliminating the direct sources of CO2 emissions, but this way creates serious economic difficulties for the company.
• Emission reduction by the introduction of innovative green technologies, the implementation of which is often economically impractical for the company in the short term, but in the long term shows the company’s resilience to climate risks and regulatory mechanisms to reduce greenhouse gas emissions. Such a company becomes attractive for investment.
• CO2 capture, for example, during burning fuel.
• Injection of carbon dioxide into underground reservoirs freed from hydrocarbons.
• The use of natural “CO2 accumulators” – biomass and biofuels, from plants and agricultural crops.
• Compensation of emissions through offsetting – certificates that allow you to finance and develop carbon-negative projects in the field of energy efficiency and renewable energy, greenhouse gas absorption, such as tree planting.
• Implementation of projects for the production of green hydrogen.

• Elaborate individual features of the company’s carbon-intensive business processes
• Give recommendations on process optimization
• Work on various alternative solutions to reduce the carbon footprint
• Calculate the possibilities of using alternative energy sources
• Produce modeling of the results of the use of RES (renewable energy sources)
• Calculate CAPEX investments and OPEX operating expenses
• Conduct SWOT analysis of options.

If you have a desire to gain knowledge on the topic of carbon neutrality and greenhouse gases, we can offer you an author’s course developed by our company on “Calculation, optimization and compensation of greenhouse gases according to the best international practices”, available on an online educational platform.

https://hpbs.io/en/services/course-on-calculating-greenhouse-gas-emissions/

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