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Voluntary Climate-Change Programs
E SOURCE, June 2005, Pages: 16
A concise report outlining the various kinds of voluntary Green House Gas programs, and the pros and cons of participation.
Hundreds of U.S. companies are leveraging voluntary climate-change programs to help develop cost-effective plans for responding to future greenhouse gas (GHG) regulations. Many companies in these programs are taking moderate steps to reduce their GHG emissions, while some are setting aggressive emissions-reduction goals and positioning themselves as leaders. Businesses are joining these programs for a variety of reasons, ranging from pressure by investors and environmental groups to a desire for a stronger voice in shaping climate-change policy.
The voluntary climate-change programs include GHG emissions registries, which allow companies to report annual emissions and potentially gain 'credits' to be used under a future regulation for any early reductions achieved. Another type of program requires companies to commit to a specific emissions-reduction goal in order to receive public recognition and, in some cases, free technical assistance. This report explains the features of 11 of the most prominent voluntary programs and offers guidance to companies on how to determine which program(s) might best suit their needs.
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