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carbon trading schemes

Environmental Sustainability

What is sustainability?

Sustainability has many definitions, for us at Galloway it means helping our business partners and alliances achieve and exceed their waste management and sustainability goals. Our aim at Galloway in working in partnership with our customers is to be the premiere source for our customers’ sustainable environmental solutions.It is the sound management of our environmental and resource systems so that our ability to support future generations is not diminished. Galloway is proud to be the leaders in helping our valued stakeholders achieve their sustainability objectives.

Carbon Trading Schemes

Carbon Emission trading schemes
Carbon Footprint is a term that describes the whole climate change impact of a business or individual over time.
Australians on average have the largest carbon footprint in the world. Our dependence on fossil fuel, and its necessity to assist with the running of our homes and businesses compared with the rest of the world, all impacts this.
The carbon footprint that we produce (or carbon pollution) is measured in tonnes of carbon dioxide (CO²) which is directly from burning fossil fuels in which carbon is released into atmosphere.
The measurement of our carbon footprint comes from individuals, families, organisations and countries.

These footprints are made up from almost every activity in our daily lives. Obvious usage is electricity, car and air travel. The indirect measurements or embodied carbon emissions come from the growing, manufacturing and transport of all of our things we have in our life - food, clothes, furniture, appliances, books nearly everything we have in our lives. Some activities have none – ie walking on the beach, riding a bike.

In the future items purchased will have its carbon footprint on the label and we will have the choice whether to buy it or not. Some products have more environmental impact than others.
The aim of the game is to reduce your carbon footprint as much as you can by making certain lifestyle choices.
For business, the calculation of a carbon footprint generally runs over a financial year. It is essential carbon accounting, but they fall under the umbrella of a business corporate social responsibility or sustainability department, they naturally rest with accounting departments.
 

How to calculate your carbon footprint?

This can be as straightforward as using one of the Australian greenhouse office calculators applicable for smaller businesses.
Calculators differ for office based and hospitality businesses but include standard emissions categories:
  • Energy 
  • Fuel 
  • Business travel ( by vehicle, public transport and air ) 
  • Office space and contents 
  • Waste , water and sewerage , and food 

CALCULATE YOUR CARBON FOOTPRINT

A carbon footprint analysis is one of the most effective and important steps an organisation can take to lower its carbon footprint. Besides quantifying your organisations total Greenhouse Gas impact, a Carbon Footprint Analysis will:
  • Provide your organisation with a comprehensive greenhouse gas (GHG) inventory, allowing it to identify and target reductions from its major emissions sources 
  • Participate in global carbon footprint reporting and public disclosure initiatives 
  • Determine the business case for carbon neutrality or other internal emission reduction targets 

What is emissions trading ?

Emissions trading are a market-based scheme for environmental improvement that allows parties to buy and sell permits for emissions or credits for reductions in emissions of certain pollutants. Emissions trading allow established emission goals to be met in the most cost-effective way by letting the market determine the lowest-cost pollution abatement opportunities. Under such a scheme, the environmental regulator first determines total acceptable emissions and then divides this total into tradable units (often called credits or permits). These units are then allocated to scheme participants. Participants that emit pollutants must obtain sufficient tradable units to compensate for their emissions. Those that reduce emissions may have surplus units that they can sell to others that find emission reduction more expensive or difficult. In suitable cases, trading schemes offer significant advantages over other regulatory approaches, both in certainty of environmental outcome and the potential to minimize overall compliance cost. Load-based licensing (LBL) provides the administrative infrastructure for wider use of emission trading schemes in NSW, through its robust calculation and annual reporting procedures, under conditions of high public accountability. Trading schemes broaden the cost-saving potential of LBL from individual premises to the control of emissions from whole groups of licensees.