alcoa pinjarra-alcoa

17 November 2011  – The Economist has jumped in to show that despite the massive failure of a co-ordinated climate policy approach by leading world governments, the leading private sector is doing its own thing, surging ahead in some cases with major climate action.

  • Key points include: Of 300 bosses of big global firms recently quizzed by Ernst & Young, 83 per cent said they wanted to see a legally binding multilateral deal struck in Durban to update the ailing Kyoto protocol and help to put a price on carbon emissions
  • The Carbon Disclosure Project, which collects information on the emissions of over 500 large companies, 59 per cent of emissions-reducing investments made so far—mostly in energy efficiency or renewable energy—will pay for themselves within three years
  • 68 per cent claimed to have made their global-warming strategy part of their core strategy, up from 48 per cent last year
  • Walmart claims its environmental policy saves US$200 million a year on transport fuel alone
  • Tesco aims to be carbon-neutral by 2050 and claims its eco policies are saving £150 million (US$239 million ) a year
  • BHP Billiton and Rio Tinto are both investing in renewables. So is Alcoa, an aluminium producer, which is also attempting to measure its environmental impacts. (Pictured is Alcoa’s Pinjarra cogeneration plant in Western Australia.)
  • In a forthcoming report, think tank McKinsey Global Institutewill argue that using energy and resources more efficiently could save the world $2.9 trillion a year by 2030, and massively

Read the whole story