Planting seeds of success with green economy

Written on the 5 June 2009

A Toolkit to inform businesses about how to make the most of the emerging carbon economy has been launched by Southern Cross University.

ACADEMIC and finance lecturer Scott Niblock, is conducting PhD research into the carbon market to identify the opportunities and risks for Australian businesses as the Carbon Pollution Reduction Scheme (CPRS) comes into force in 2010.

“The emerging carbon market was valued at $US64 billion in 2007, up from $US31 billion in 2006,” says Niblock.

“Given this growth and the threat of climate change, it has the potential to become the world’s biggest commodity market and once the global economy recovers, it could be the next economic boom on the scale of the dotcom phenomenon.”

Carbon, like gold and other commodities, is traded globally and given the global financial crisis, carbon could be included as a financial asset in portfolios to reduce risk and enhance returns. According to Niblock, it could also be a liability on the balance sheets of Australian businesses, so preparation is crucial.

“We know that some examples of opportunities for smaller businesses might be participating in carbon offset programs, gaining competitive advantage by positioning themselves as a ‘green’ company and carefully managing their global footprint, but many businesses, especially small and medium-sized companies, are unsure exactly how to make it work for them,” he says.

“Businesses want answers but don’t want to have to sift through countless policy documents. The aim of this research is to investigate the nature of the carbon market to build a toolkit that will provide those answers.”

Niblock has already conducted detailed analysis of Australian climate change policy developments and is investigating the carbon trading scheme already in place in Europe to help predict the likely outcomes of an emissions trading scheme on Australian businesses.

He says despite initial criticism, the Australian CPRS is one of the best in the world.

“The scheme proposed by the Australian Government is not perfect, but it is considerably better designed than the European and US schemes. The CPRS is the single most important policy decision the Government will make and implement over the coming years and is the largest reform since the deregulation of the Australian economy in the 1980s,” says Niblock.

“A well designed emissions reduction policy in Australia will have significant economic benefits, and businesses need to think about the opportunities and risks to best use the changes to their advantage.”


Latest News

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter