Cement, Energy and Environment July-Sep 2002

adopt a co untry-by-co untr y approach. (9 tables, 25 references) THE ADDITIONALTTY CRITERTO~ FOR JDENTIFYII\G COM PRO.JECTS UNOI~R THE KYOTO PROTOCOL [2 11] Shreslha R. M. and Timilsina G. R. 200 1 Energy Policy 30(1): 73-79 The COM und er the Kyoto Protoco l is env isioned as a vehi cle to encourage developing countri es to parti cipn te in GHG miti gation e ffo rts. However, a number o f issues related to the COMare yet to be resolved. One such issue is related to the additionality criteri on fo r identifying the COM projects. Th is paper argues that whil e an app li cat ion of pu re ly economi c aclditiona lity criterion is essenti al to ensu re the real and long -te rm mit igati on o f g loba l GHG emissions, it coul d a lso limit the scope of the COM as an e ffective veh icle for G IIG mitigati on. It wo ul d th e re fore be des ireab le, under some condi tions, to include in the COM. the GI-I G mit igation proj ects th a t a re economi ca ll y attracti ve but arc not implemented clue to lack of capital resources. The pnper also highli ghts the need for npp lying the add itional ity cri terion fo r assess in g cand idat e COM proj ects. espec ia ll y in the power sector, on the basis of their effects on overall programme or sectora l leve l GHG mi tigation.( I fi gure, 2 tables. 29 references) C 'onrtesr: '/'IDF.E .\far. ](JOJ. l'p. I(JJ & 16-1. Fox: !J I I I Hi82 I -I .f. L-mail · outreach·d·teri.res.t/1 1/'eh · \1'11'11' tcriinorx F. ;\lVIRO l\ l\ I ENTAL SER\'ICES FOR TilE ( ORPOR\TE SECTOR TERI Team Environmental leadership has become an integra l component of co rpo rate leade rship ns have fin ancin l exce ll ence and shareholde r satisfaction. Moreover, pressure is mounting on the industry fr om several quarters to achieve env ironme nta l exce llence. The gove rnm ent is ti ghtei1ing regulations and the ir enforcement. Commun ities and NGOs are better informed and organized than ever before, and demand environmental exce ll ence . Financial institutions are in creas ing ly looking at env ironmental ri sks whi le lending project funds or working ca pital. The ' polluter-pays' principle has been firmly adopted by the Indian courts. Studi es have shown that companies th at outperform their peers environmenta ll y will a fso outpe rfo rm th em on th e stoc k ma rket. If such potential fo r enh ancing economic competitive– ness and profit s th ro ugh bette r track progre ss aga inst specific ta rge ts, hel ps in im plem enting environmenta l strategy. and creates awa reness of broad environmental issues throughout the organisation. In the words of Frances Cairncross (Chief Editor of The Economi.w), ' Many companies have found that the sheer exercise of measuring their activi ties has been a spur to better environmental performance ' . ISO 14001 is part of a family of international standards, the ISO 14000 se ries, publi shed by the Gene va -based inde pende nt Internati ona l Organi sati on for Stand ard isation (I SO). It is an Enviromental Management Systems (EMS ) specifi cat ion, whi ch is applicable to all types and sizes of organ isa ti ons irrespec ti ve of geographical, cultural, and social conditions. Key benefits of EMS are: • ma nageme nt of reso urces and • adoption o f c leaner techno logies/ practi ces exists in each company, • why docs each CEO not have such Sys temati c approac h to manage environmental issues Ens ures com p iiance with prescribed regulations Insti t ut iona li zes po lluti on prevention strategies a success story to tell ? First, the • opportunities that exist are not so • obvious. To iden tify them, it takes Greater employee satisfaction Third-party recogniti on and credibili ty an expert with an eye for rea lizing • th ese sav ings and a th o rough unde rs tand ing of the ent ire • production process and backward– forvvard supply chains. Second, and • I . . r I Enhance s g loba l mar ket access In c re ases confiden ce of stakeholders Continuall y improved eco nom ic - en v ir on me ntal perfo rmance very important, IS the 1e t need of an industry to invest time and money to take1 adv antage of suc h • opport uni ties. U nd~ub t ecl l y, the lm proved public image and community relations ndvan tages for those unc!ertak ing such ini t iat ives ah ead of the ir competi tors are many. Enterpr ises around the world arc increasingly choosing to report the ir environmenta l. soc ia l, and economi c polic ies. practices. and performance publicly. /\ part from gaining external c red ibil ity, th e re is n g rowing recognit ion of the interna l utility of reporting. It enhances the ab ili ty to The value of an effi cient and effec ti ve environm enta l performance tracking system Iies not j ust in meetin g. ex te rn a l i n f o r m a t i o n I cl i s c I o s u r e requirements but also in ga ini ng a better ins ight in to the syste m's operati ons and mannging risks more e!Tectively. Ceo-rating is aimed at pr ov idi ng an ind icato r of environmental perfo rmance or risk assoc iated with corporate faciliti es.