|
|
|
Top 10 new stories
|
|
|
PEL COMPANIES WIN INDUSTRY AWARDS
Pacific Environment Limited (PEL) companies have cemented their... More...
|
|
PROSPECTUS FOR NEW SHARE OFFER AVAILABLE
Pacific Environment Limited (PEL) has released its latest... More...
|
|
PEL ACQUIRES ECOVISION SOLUTIONS
PEL has announced the acquisition of EcoVision Solutions Pty Ltd.... More...
|
|
PEL TO ACQUIRE ECOVISION SOLUTIONS
PEL announced today that it is having discussions with EcoVision... More...
|
|
PEL IN TALKS WITH CES
PEL today announced that it is in discussions with Commercial... More...
|
|
PEL ACQUIRES Q-ARMADA
Pacific Environment Limited has announced the... More...
|
|
PEL ANNOUNCES SCIENCE ADVISORY BOARD
The ASX-listed enviro-technology company, Pacific Environment... More...
|
|
NSW AIR EMISSIONS INVENTORY RELEASED, PAE PLAYS LEADING ROLE
The Air Emissions Inventory for the Greater Metropolitan Region in... More...
|
|
PAE BUILDS WORLD CLASS EMISSIONS INVENTORY
The Air Emissions Inventory for the Greater Metropolitan Region in... More...
|
|
|
|
Legislative Drivers
|
Corporate Accountability
|
Since the early 1970s, environmental legislation around the world has become increasingly prescriptive, detailed, and complex. In the US, this included the Clean Air Act, amendments to the Federal Water Pollution Control Act, the Toxic Substances Control Act, forerunners to the Resource Conservation and Recovery Act (RCRA), and the Safe Drinking Water Act and amendments to the pesticides legislation.
The aftermath of these early legislative drivers in the US is that many other governments throughout the world have taken similar action with regard to the development and enforcement of environmental regulations.
In Australia, the corporate marketplace is faced with the need to understand and execute its environmental obligations on a far more stringent basis than ever before. Environmental regulations are enforced at the local, state and Commonwealth level.
The impact of this is that environmental concerns are routinely built into government actions. By and large, government authorities have institutionalised environmental quality concerns in decision-making.
In many projects today in Australia, progress towards regulatory approval can be significantly slowed because of inadequate information on specific environmental issues, which require expert input. Few projects proceed today without a rigorous assessment requiring specialist consulting assessment in all areas of the environment including air, noise, surface water, groundwater and flora and fauna. Human health impacts are also frequently of concern.
|
|
Today, corporate environmental reporting for Australian businesses is becoming more demanding. For example, many companies must report annually to the Commonwealth Department of Environment and Heritage (DEH) on their releases to the environment of a range of pollutants, through the National Pollutant Inventory (NPI). For many companies, assistance is required from technically adept environmental specialists to ensure the information provided to the public is accurate.
This requirement to understand and execute environmental obligation is only expected to increase in the future as social views become more informed and the world becomes more aware of the need to protect our environment. This social pressure forces political change which is resulting in greater environmental responsibility and accountability for the business world.
|
Greenhouse Gas Emissions Trading
|
Climate change and greenhouse gas (GHG) emissions are very real issues for business and government globally. It is the view of the Directors that PEL is ideally positioned to assist the marketplace with specialist environmental consulting and technologies to manage environmental impacts associated with GHG emissions more effectively and responsibly.
Australia’s carbon trading system, to commence in 2011 or 2012 will be accompanied by a broader strategy to support low-emissions technologies as part of the country’s market incentive for achieving emission reductions.
For countries signed up to the Kyoto Protocol, the first five-year commitment period opens January 1, 2008. On that date a carbon trading market will open, allowing countries that cut emissions below treaty targets to sell their surplus allowances to others who exceed their cap.
A European Union carbon trading market is already open, and European carbon emitters are trading allowances within their own countries and across borders. Phase I of the EU Emissions Trading Scheme began on January 1, 2005 and will run until December 31, 2007. Phase II will run from 2008-2012 to coincide with the first Kyoto Protocol commitment period.
|
|
Compliance with the Kyoto Protocol requires that countries prove that
they can track progress towards their emission targets. PEL through
it’s early stage acquisitions (as outlined in sections 4.7 & 4.8)
is well positioned to assist corporate clients on a global basis with
emission inventories and the development of trading scenarios in
readiness for carbon trading.
A Clean Development Mechanism (CDM)
is an arrangement under the Kyoto Protocol allowing industrialised
countries with greenhouse gas reduction commitments to invest in
projects that reduce emissions in developing countries as an
alternative to more expensive emission reductions in their own
countries. PEL is well positioned to assist in the technical aspects
of a CDM project in the development of baseline emissions, emissions
trending and scenario analysis. |
|
|
|
