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Getting a Handle on Greenhouse Gases

Although momentum on initiating a U.S. cap-and-trade system has slowed, the first step in the process--a mandate to report greenhouse gases--kicks in this year.

By Stephen Engler | Updated on August 02, 2010

Although momentum on initiating a U.S. cap-and-trade system to reduce greenhouse gas emissions has slowed, the first step in the process–a mandate to report greenhouse gases–kicks in this year. Deloitte & Touche’s Stephen Engler, who leads carbon management services in the firm’s climate change practice, outlines some of the forces in play and what this means for companies.

As North American greenhouse gas (GHG) markets continue to develop, CFOs and senior finance executives will play a key role in managing and mitigating GHG risk and exposure. While much of this activity falls under the auspices of risk management, there are many business opportunities to be realized through strategic GHG management as the visibility and importance of non-financial reporting increases in the eyes of investors, consumers, employees and business partners.

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