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Assessing carbon emission savings from corporate resource efficiency investments: an estimation indicator in theory and practice

Rentschler, J; Flachenecker, F; Kornejew, M; (2018) Assessing carbon emission savings from corporate resource efficiency investments: an estimation indicator in theory and practice. Environment, Development and Sustainability 10.1007/s10668-018-0222-z. Green open access

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Abstract

The Nationally Determined Contributions pledged by numerous countries under the Paris Climate Agreement refer to efficiency gains as a key instrument for achieving carbon emission reductions. Indicators for estimating emission savings from resource efficiency projects can play a key role in identifying and prioritising projects. Building on existing emission factor-based approaches, this paper introduces a methodology which allows consistent ex-ante estimation of lifetime carbon savings from corporate resource efficiency investments. This methodology accounts for the intertemporal dimension of resource savings and project lifetimes and allows consistent aggregation across resource and project types. Moreover, it shows how social benefit (or cost) can be monetised. The methodology is tested using a resource efficiency investment project under the UN Clean Development Mechanism. We demonstrate that this indicator can be a robust, coherent and practical tool for firms, governments and investors to estimate carbon emission reductions from resource efficiency investments.

Type: Article
Title: Assessing carbon emission savings from corporate resource efficiency investments: an estimation indicator in theory and practice
Open access status: An open access version is available from UCL Discovery
DOI: 10.1007/s10668-018-0222-z
Publisher version: https://doi.org/10.1007/s10668-018-0222-z
Language: English
Additional information: © The Author(s) 2018. Open Access: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Keywords: GHG emissions, Resource efficiency, Indicator, Corporate investments, Emission factor
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/10060638
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