Emissions trading: a new, carbon-constrained world order? Gareth Jones. Energy World. January 2005 P. 10-11

The carbon-constrained future is here now. The world’s largest greenhouse gas emissions trading system comes into force this month and, while the extra red tape and cost that this will bring could pose a threat to business - particularly so against a background of significant increases in gas and electricity prices during 2004 - it also presents an opportunity to re-focus on energy and utilities management, in order to deliver ongoing improvements in efficiency and costs reduction. Here, Gareth Jones, Director of Organisational Carbon Management, ESD, considers what companies need to do to participate in the new world order.