Carbon Emissions
NRW and Carbon Emissions
Establishing Leakage Emissions Metrics (LEI) to Incentivize non-revenue water management and emissions reduction
The Paris Accords have influenced governments and corporations alike to act in a way that changes how we operate as a society to limit the mean rise in global temperature to below 2 degrees Celsius above pre-industrial levels. To achieve this goal, it is stated that global emissions should be reduced to net-zero by 2050 at the very latest. This has led global entities to an increase in funding of cleaner initiatives that seek to decarbonize our energy infrastructure and supply chain. By establishing Leakage Emissions as a relevant metric, we are confident that we can inspire these same parties to enhance legislation and corporate involvement in a way that could incentivize funding of much needed practices and improvements to our water infrastructure, thus curbing both non-revenue water and Leakage
Emissions. Read the full announcement of this initiative released July 22, 2022, here.
Here is a link to Leakage Emissions Initiative web site, for more detailed information regarding LEI.
What are Carbon Credits?
Carbon credits are a key component of efforts to mitigate climate change by reducing greenhouse gas emissions. Essentially, they represent a quantifiable unit of emissions reduction or removal that can be traded in the global marketplace. When an entity, such as a company or project, undertakes activities that lead to a decrease in carbon dioxide or other greenhouse gas emissions, they earn carbon credits. These credits can then be sold or traded to other entities looking to offset their own emissions. The concept aims to create economic incentives for businesses and organizations to adopt environmentally friendly practices, ultimately contributing to a more sustainable and low-carbon future. The carbon credit system plays a vital role in fostering environmental stewardship and encouraging the transition to a greener, more climate-resilient economy.