Syndicate content

Carbon pricing incentivizes clean energy innovation

Kerry Adler's picture
SkyPower's Fort William First Nation Solar Park is one of the first utility-scale solar parks in North America to be developed on First Nations lands. Photo courtesy of SkyPower


By Kerry Adler, President and CEO of SkyPower

​​The fundamental inequality that exists between emitters of carbon and the victims of its devastating byproduct requires global cooperation and intervention beyond our willingness to act thus far. Today, we have the necessary technology, ingenuity and global monetary tools to incentivize a shift to cleaner energy.

Placing a price on carbon enhances the competitive position of renewable energy technologies, such as utility-scale solar, relative to fossil energy, thus encouraging migration away from high-carbon fuels. It is an important step, and it can be supported with other initiatives to ensure accountability.

In the private sector, transparency regarding carbon emissions is essential. With the advent of the Internet and the plethora of information available today, it is not only possible, but imperative that emitters of carbon are held accountable in a public forum.

This can be done in a responsible manner by requiring an annual audit of companies’ carbon emissions to be conducted by their accounting firm and insurance provider.

Through the resulting sustainability index, companies’ year-over-year improvement would be publically documented online. This sharing of information would allow consumers and businesspeople to make informed decisions regarding which companies they give their business to and the corporate sustainability of the businesses they support.

Sustainable and low-carbon energy technologies play a critical role in the energy revolution that is necessary to change our current path. The vast solar energy generated by rapidly deployed utility-scale solar PV projects not only mitigates millions of tonnes of carbon emissions, but also provides the badly needed electric energy that is vitally important in the promotion of economic development and job creation.

As a business leader, SkyPower is actively working to accelerate action against climate change through large-scale solar PV energy, a low-carbon technology. SkyPower Global strongly supports any mechanism that encourages the generation or adoption of clean, renewable energy and dramatically reduces carbon emissions.

In August 2014, SkyPower formally aligned with the UN Business Leadership Criteria on Carbon Pricing, signaling its support of carbon pricing as a necessary and effective measure to address climate change. As the Strategic Champion of the United Nations Caring for Climate initiative and a signatory of the Global Compact, SkyPower is a committed advocate of carbon pricing or corporate rewards as compelling incentives to consciously curb emission levels.

Photo: SkyPower's Fort William First Nation Solar Park is one of the first utility-scale solar parks in North America to be developed on First Nations lands. Courtesy of SkyPower

Comments

Submitted by VICTOR GATHOGO on

Good article Kerry.

The private sector just like you have noted should make public their improvements. Lack of information and generally inadequate awareness has hindered this sector to effectively communicate about their sustainability indices. What we need is synergies between UN organisations promoting Climate Change awareness and the private sector.

The financial incentives for adoption of clean energy sources are available however most companies have not identified this sources. the challenge is to bring this institutions together for the common good of the environment

Submitted by Sage Rad on

Carbon pricing the most efficient and effective way to reduce greenhouse emissions, and to transition the economy to greener technologies and conservation. But the revenue must go back to the people in a progressive way, otherwise it's another money grab by the already wealthy. How do you recommend using the revenue collected from a carbon tax?

Add new comment