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31/08/2011
New Scheme To Channel Millions To UK Carbon-Cutting Projects
The UK Carbon Reporting Framework aims to help companies achieve their environmental goals by channelling millions of pounds into local schemes which will help the UK meet its carbon reduction targets and green the economy.
Developed in a partnership between BRE, British Airways, Deloitte and Forum for the Future, the Framework acts as a matchmaker between carbon reduction projects such as community owned renewable energy installations or the sustainable refurbishment of social housing and organisations wishing to support such projects in the UK.
The Carbon Reporting Framework was launched at Deloitte's London offices and British Airways will be the first company to support the scheme through their new One Destination Carbon Fund.
Jonathon Counsell, Head of Environment, British Airways said: "The UK Carbon Reporting Framework marks a milestone for carbon management in the UK and British Airways is incredibly proud to have been a founding partner and the first user of the framework. Through our new One Destination Carbon Fund, which is due to be launched in September, our customers can, help support carbon reduction projects based in the UK – something that has not previously been available."
A major barrier to a greater level of UK corporate support for local projects has been uncertainty about the carbon reduction and other benefits that funding organisations can claim to have been achieved as a result of their support. This is where the UK Carbon Reporting Framework aims to play a key role. It will enable companies to understand the impacts of their investment, so they can make the appropriate claims on the carbon savings and associated project benefits.
To achieve this, the Framework will require carbon reduction project developers to use standardised carbon accounting methods to calculate the reductions associated with their projects. Where these already exist such as the Woodland Carbon Code they will be used. Where they are required BRE have initiated the development of some new methodologies and will work with appropriate sector expert organisations to develop new ones going forward.
(CD/GK)
Developed in a partnership between BRE, British Airways, Deloitte and Forum for the Future, the Framework acts as a matchmaker between carbon reduction projects such as community owned renewable energy installations or the sustainable refurbishment of social housing and organisations wishing to support such projects in the UK.
The Carbon Reporting Framework was launched at Deloitte's London offices and British Airways will be the first company to support the scheme through their new One Destination Carbon Fund.
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Jonathon Counsell, Head of Environment, British Airways said: "The UK Carbon Reporting Framework marks a milestone for carbon management in the UK and British Airways is incredibly proud to have been a founding partner and the first user of the framework. Through our new One Destination Carbon Fund, which is due to be launched in September, our customers can, help support carbon reduction projects based in the UK – something that has not previously been available."
A major barrier to a greater level of UK corporate support for local projects has been uncertainty about the carbon reduction and other benefits that funding organisations can claim to have been achieved as a result of their support. This is where the UK Carbon Reporting Framework aims to play a key role. It will enable companies to understand the impacts of their investment, so they can make the appropriate claims on the carbon savings and associated project benefits.
To achieve this, the Framework will require carbon reduction project developers to use standardised carbon accounting methods to calculate the reductions associated with their projects. Where these already exist such as the Woodland Carbon Code they will be used. Where they are required BRE have initiated the development of some new methodologies and will work with appropriate sector expert organisations to develop new ones going forward.
(CD/GK)
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