Carbon Accountancy
Since January 2005, the EU has set up an Emission Trading System (ETS) based on the CO2 emissions of different countries. A carbon market was therefore created, where different companies could exchange their emissions.
The trading system is mainly used by industries that are given CO2 quotas depending on their sector of activity. If the industry remains below the quota, it may sell CO2 certificates (known as green certificates in Belgium) via the trading market. If the industry is above the quota, it has to reduce its emissions by buying CO2 certificates via the same market. This ETS will soon be applied to all sectors, this includes services companies.
Consequently, it is important to assess today the CO2 impacts of every products and services in order to prevent sudden rises of costs related to the taxation regarding emissions.
How do we do it?
- Assess your products and services in terms of energy and convert them to CO2 emissions.
- Calculate our actual or projected emission balance in terms of CO2 tons and money.
You'll find below a simple example of a company having 3 main cost centers: Admin / Support / Operations
The last cost center is divided into two activities being on 2 different sectors and then having 2 different CO2 quotas.
