National Grid unveils carbon accounting plans

News Article - Wednesday, April 30, 2008

filed under: Regulatory

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National Grid of London has announced that it is planning to boost its attempts to reduce its carbon footprint by introducing new carbon budgets.

The energy company will adopt carbon budgets across its UK and US electricity and gas units from April next year, helping National Grid to meet a target to cut greenhouse gas emissions substantially over the coming decades.

National Grid of London has implemented a company-wide plan to reduce its impact on the environment and plans to increase greenhouse gas emissions cuts from 60 per cent to 80 per cent by 2050.

The carbon budgets will be in place from April 2009 and will be integrated into the day-to-day business operations of National Grid of London.

Steve Holliday, National Grid of London chief executive, said: "Minimising our impact on the environment while delivering safe, secure, and economic supplies of energy to customers is not an option, it is a must… We have already reduced our greenhouse gas emissions by 35 per cent, but we need to do more."

Tesco has announced this week that it is trialling new carbon labels across 20 of its products, detailing greenhouse gas emissions throughout the production and supply chain.

Firms keen to reduce their impact on the environment and improve their carbon footprints can invest in carbon accounting software in order to meet goals.

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