Compliance – Importance of Green House Gas Regulations

By Reiner Lomb


Compliance continues to rise in importance to the business and to IT. According to the 2008 compliance survey by TechTarget, more than two thirds of the respondents said, compliance is more important at their organization this year. And half of the respondents said they will spend more in IT in the next twelve months to support compliance.


While there is a broad range of regulations that drive the need for increased compliance investments, a new type of regulations needs attention. Based on worldwide efforts to slow down global climate change, new regulations are underway to reduce Green House Gas (GHG) Emissions. Green House Gas regulations are emerging, both, at the state as well as at the national level.


The Western Climate Initiative (WCI) is an example of a regional carbon based cap and trade program. WCI Partners include the western states of the United States and Canada.  WCI partners will begin reporting emissions in 2011 for emissions that occur in 2010.


Australia, one of the countries that signed the Kyoto protocol, provides an example of new Green House regulations at the national level. On July 1, 2008, an estimated 700 Australian companies kicked-off the greenhouse gas emissions reporting process under the National Green House and Energy Reporting Act (NGER) in preparation for the introduction of the emissions trading scheme in 2010.


Other countries that signed the Kyoto protocol or those that will sign a still to be negotiated follow-up agreement have or will implement similar regulations. This will drive the need for Companies world wide to understand the requirements and deploy GHG emission management solutions.


Over the next weeks and months I will explore, what Information Management requirements need to be addressed by GHG emission management solutions. …Stay tuned.

Comments
(anon) | ‎12-03-2008 10:24 PM

We are writing a report analyzing 25 greenhouse gas software packages and would value any input you may have.  


Paul Baier


VP Consulting


pbaier@groomenergy.com

(anon) | ‎12-15-2008 07:34 PM

Paul, thanks for the info. I will contact you via e-mail. Reiner

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