Climate Change: FAQs

The International Organization for Standardization (ISO), which is a network of national standards institutes from 147 countries, is in the process of developing a new standard for the quantification, monitoring, reporting and verification of project and entity level greenhouse gases. This new standard has been labeled as ISO 14064 and is comprised of three parts. Read more...

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First Environment’s First FAQ series investigates a variety of topics related to climate change issues. Every 2 months, we release a new First FAQ in an e-mail to our contacts interested in climate change. If you would like to subscribe to the FAQ, please e-mail: climatechange@firstenvironment.com. Your e-mail will be kept confidential and will not be used for any other purpose.

A series of legislative initiatives have been introduced in the US Congress aimed at managing GHG emissions. This action represents a shift in thinking in the Congress, which has been hesitant to address global climate change due to the potential economic costs associated with emissions reduction. These legislative actions are also an early indicator of a potential carbon constrained future in the United States. Read more...

A shareholder resolution is a formal request to a company’s management on a particular issue that is subject to a vote of the shareholders as part of the company’s annual meeting process. Corporate actions related to climate change have in recent years increasingly become the subject of shareholder resolutions. Read more...

Existing and emerging greenhouse gas (GHG) emissions registries and trading programs offer companies opportunities to prepare for potential future regulatory actions related to GHG emissions. These programs can also help organizations obtain other benefits through proactive GHG management efforts. Read more...

To address the issue of climate change and assist its member countries with achieving their commitments under the Kyoto Protocol, the European Union (EU) has developed a multi-country, multi-sector trading scheme that involves the exchange of greenhouse gas emission allowances.  The implementation of the European Union Emission Trading Scheme (EU ETS) is rapidly approaching and many companies are already working toward meeting its requirements. Read more...

Almost ten years after meetings of the United Nations Framework Convention on Climate Change began the treaty development process, the Kyoto Protocol will finally enter into force as an international agreement on February 16, 2005. Read more...

In response to the establishment of several high-level state policies related to climate change, the California Public Utility Commission (CPUC), which regulates privately owned electric companies, is currently considering several approaches to limiting greenhouse gas (GHG) emissions associated with electricity use in the state. One initiative is the design of a GHG emissions cap for companies who provide electricity to end use customers. In addition, the CPUC is also continuing to consider a GHG performance standard for electricity procurement from generating facilities. Read more...

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Climate Change FAQs
Climate Change FAQs

Climate change poses both risks and opportunities. Recent shareholder resolutions recognize that climate change is both a material risk and a commercial opportunity. Of necessity, investors are required to improve their knowledge base, including an understanding of the implications of the groundbreaking Carbon Disclosure Project (CDP). Read more...

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