Citola Blog
Reduction And Generation - The Way Ahead
The two carbon-reduction projects we’ve just announced at Citola – and by which we’re very excited – represent a broadening of what we do, and the way we make a difference. There’s the forestry-generated aspect of creating carbon offsets, in which we’re very much ahead of the curve, and there’s the route of finding more and more efficient forms of energy generation and consumption.
The fuel-switching deals (moving away from fossil fuels) we’ve just announced generate considerable carbon savings in the form of efficiencies. The notion of improved, more efficient energy use is becoming more and more important across the world.
In Australia, a recently published report has highlighted the need to build more energy efficiency into commercial and residential buildings. A new report by the non-profit organisation ClimateWorks indicates that business can go a long way towards governmental objectives of reducing emissions – and produce savings in operational costs over the longer term.
In Europe, legislators are also tackling carbon emissions head on. Latest reports indicate that carbon-reduction measures mean that, in the short term at least, energy bills will rise “but thousands of jobs could be created in green industries under a European plan to impose the world’s most stringent restrictions on greenhouse gas emissions.”
But we’re still very much at forefront of the business of creating forestry-generated carbon offsets. As the ClimateWorks report states: "Reforesting less than 1.5 per cent of agricultural land with environmental plantations (forests planted purely for their carbon sequestration benefits) has an estimated potential of 45 million tonnes of CO2, 18 per cent of the total emissions reduction opportunities in 2020 at an estimated societal cost of only $26 per tonne on average."
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