Carbon Training International

 "The National Mission on Enhanced Energy Efficiency intends to avoid power capacity additions of 19,000 megawatts that would otherwise be needed to meet demand and also curb carbon dioxide emissions growth by 98 million tonnes annually, or 10% of the current discharge, according to power ministry estimates."[ii]

The Government also announced plans to create a partial risk guarantee for financial institutions lending to businesses implementing energy efficiency strategies.

What does this mean for business?

As a market-based mechanism, the implementation of a credits trading system is designed to ensure that the most cost effective energy efficiency measures are implemented first. Securing such an outcome quickly and effectively will be dependent on business developing the skills and workforce capacity to:

• measure emissions and establish robust reporting systems and processes
• assess energy efficiency opportunities to ensure the most cost effective options are implemented to maximise financial benefits
• trade efficiency credits, either as seller or purchaser

Skills development and capacity building through robust competency-based training will be an important investment for business to ensure an effective transition to a low carbon economy.

[i] http://www.bloomberg.com/apps/news?pid=20601130&sid=ajp7FRqhqF4k

[ii] Australian Financial Review, 15 January 2010, page 24