UK Carbon Reporting Framework launched
Environmental update 14/09/2011
In a bid to encourage firms to achieve their green goals, the UK
Carbon Reporting Framework has been introduced.
Developed by British Airways, Deloitte, Forum for the Future and
BRE, the Framework aims to match companies wishing to support green
projects with such schemes, such as community-owned sustainable
energy installations.
The Framework hopes to eventually channel millions of pounds
into green projects across the country, by breaking down the
confusion surrounding the benefits that those who do fund renewable
energy projects can claim. Currently, the uncertainty about the
impact of investing in such projects is preventing many potential
funding firms from putting up the much-needed money.
The Framework will now require standardised carbon measurements
to be used to work out the carbon reductions linked to the
projects, which can then be attributed to the funding
organisation.
BRE's Jon d’Este-Hoare said, “Our research and other evidence
strongly demonstrates that UK corporates want to support carbon
reduction projects in this country. There is also a ready supply of
high quality projects in need of funding. UK-based carbon reduction
projects do not qualify for carbon offsetting schemes, but
offsetting is not the only way – or motivation – for companies to
support these projects."
“The reasons why companies want to support UK based projects are
many and varied,” he added.
The first company to support the new Framework will be British
Airways, which has launched its new One Destination Carbon Fund.
Head of Environment at British Airways, Jonathon Counsell, said,
“The UK Carbon Reporting Framework marks a milestone for carbon
management in the UK.”
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