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

AGENTS REPORTING STRONG DEMAND FOR MELBOURNE CBD OFFICE SPACE PURCHASES

SEVEN Melbourne CBD offices have recently sold for more than $11 million in total, demonstrating huge demand for c...

DREAMWORLD PARENT COMPANY DEMOTES CEO DEBORAH THOMAS

ARDENT LEISURE, the parent company of Gold Coast's Dreamworld theme park, has reshuffled its core leadership w...

MELBOURNE SHOPPING CENTRE SELLS FOR $48m AS CHINESE DEMAND RAMPS UP

A MELBOURNE shopping centre has been sold for $48 million, bringing the total spent by Chinese investors on Victor...

HOW WEDDING WOES INSPIRED A BOOMING BUSINESS FOR MEGAN ZIEMS

WHEN she was dress shopping for her wedding in 2010, Megan Ziems (pictured left) was disappointed to discover a ma...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter