Green Business – How Carbon Management is Helping Enterprises Tackle Climate Change
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Carbon Management Market Report Overview
Carbon management, from an enterprise perspective, is an organized approach that combines various practical, cost-effective technologies and practices to reduce CO2 emissions and make the low-carbon future a reality. The green business – how carbon management is helping enterprises tackle climate change report showcases how enterprises are quickly capitalizing on carbon management technologies for carbon assessment, capture, recycling, trading, and other use cases to make the low carbon future a reality. It presents real-world innovation use cases and examples related to the implementation of carbon management by companies across sectors. It casts light on how tech-enabled innovations are developing use cases that are helping enterprises across the sectors with managing their carbon footprint.
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Carbon Management Dynamics
Key Drivers of the Carbon Management Market: The key factors driving the carbon management across enterprises are government initiatives, favorable regulatory frameworks, business impact, and surge in customer awareness. Various countries have announced grants and aid schemes for businesses that promote the development of low-carbon or zero-carbon technologies and their adoption. Likewise, various regulatory frameworks on climate change and carbon reduction have been formulated and enforced, with the Paris Agreement (signed in 2015) being the most prominent one. Many businesses are at the receiving end of climate change. Industry sectors such as food and beverage (F&B), agriculture, tourism, and commercial fishing are directly affected by global warming and subsequent climate patterns.
Key Challenges of the Carbon Management Market: The key challenges likely to impact the carbon management are complex reporting frameworks, infrastructural and technological bottlenecks, and cost considerations. Many carbon management solutions require extensive build-out of infrastructure. For example, CO2 transportation in carbon capture and sequestration requires a large amount of energy for maintaining CO2 at high pressure and low temperatures and specifically designed pipelines. In addition, the long-time goal of increasing corporate reporting related to environmental issues resulted in the proliferation of reporting frameworks, with each having unique characteristics. This led to complexity for companies in conducting due diligence on which framework to use and becoming familiar with it so that reporting can be as efficient as possible.
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Carbon Management ESG Framework
The environmental, social, and governance (ESG) framework categorizes environmental factors into four categories – climate change, pollution, biodiversity, and natural resources and highlights investments in carbon tech as a key mitigation action to reduce greenhouse gas emissions.
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Carbon Management Innovations
The carbon management ecosystem is a combination of technologies and approaches that assist enterprises in realizing their net-zero goals. The main technologies and approaches of carbon management are carbon assessment, carbon reduction, carbon recycling, carbon capture & sequestration, carbon trading, low-carbon materials, net-zero carbon, green fuels, and green IT among others.
Carbon Assessment: Critical Innovations
Some of the latest innovations in the carbon assessment approach of carbon management are –
American cloud-spend management solution provider Ivalua has introduced Environmental Impact Center (EIC), a tool that enables businesses to assess and lower their value chain emissions (Scope 3 emissions). Organizations can accelerate their sustainability goals significantly by incorporating EIC’s functionalities into their procurement procedures. This will provide accurate data on emissions for the direct and indirect goods and services, while enabling transparent reporting standards.
The UK-based telecom company BT Group (BT) has launched two digital tools—Carbon Network Dashboard (CND) and Digital Carbon Calculator (DCC)—to assist enterprise customers in quantifying and reducing the carbon footprint of their network-based apps and cloud workloads. The Digital Carbon Calculator helps users determine the carbon impact of their network, while the Carbon Network Dashboard provides a real-time view of power consumption.
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Carbon Assessment Outlook
|Carbon Management Innovations
|Carbon Assessment, Carbon Reduction, Carbon Recycling, Carbon Capture & Sequestration, Carbon Trading, Low-Carbon Materials, Net-Zero Carbon, Green Fuels, and Green IT
|Climate Change, Pollution, Biodiversity, and Natural Resources
Aker Carbon Capture
American Express GBT
American Rock Products
Blue World Technologies
BT Group. Carbon Collect
Carbon Craft Design
Climate Impact X
Emerging Fuels Technology
The World Bank
Table of Contents
Table of Contents
1. Carbon management and its drivers
2. GlobalData ESG Framework for environmental factors
3. Carbon management ecosystem
4. Carbon management use cases by ecosystem
4.1. Carbon assessment
4.2. Carbon reduction
4.3. Carbon recycling
4.4. Carbon capture & sequestration
4.5. Carbon trading
4.6. Low-carbon materials
4.7. Net-zero carbon
4.8. Green Fuel
4.9. Green IT
5. Implementation challenges
Frequently asked questions
What are the key carbon management theme drivers?
Government initiatives, favourable regulatory frameworks, business impact, and surge in customer awareness are some of the key drivers in carbon management theme.
What are the key carbon management theme challenges?
Complex reporting frameworks, infrastructural and technological bottlenecks, and cost considerations are some of the key challenges likely to impact the carbon management theme.
What are the main carbon management innovation components?
Carbon assessment, carbon reduction, carbon recycling, carbon capture & sequestration, carbon trading, low-carbon materials, net-zero carbon, green fuels, and green IT are some of the key carbon management innovation components
What are the key components of ESG framework?
Climate change, pollution, biodiversity, and natural resources are some of the key components of ESG framework in carbon management theme.
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