corporate reporting, such as real-time carbon footprinting – including Scope 1, 2, and 3 emissions – is possible. Practical for small assets up to a portfolio of assets, in one instance Wood deployed ENVision and integrated 1.2 million data elements from five operating centres. This reduced manual labour to a fifth of previous requirements while improving data quality and auditability, as well as enabling informed decision-making through insight. It is only through integrating these proven solutions that companies can successfully begin their decarbonisation journeys. Despite the rapidly evolving set of solutions appearing across all industries, it is still apparent that these solutions can only go so far without a united approach to emissions tracking. Conclusion Much must still be done to regulate carbon emissions tracking on a global scale if there is to be widespread successful decarbonisation. While policy introduction is moving in the right direction, the lack of consistency across
different countries and industries will stunt the effectiveness of this legislation. Through early engagement with carbon and technical advisors, organisations can understand how to feasibly introduce practical and impactful pathways to carbon reduction. While this immediate action is a key first step towards effectively decarbonising, failure to track these emissions means there is only so much these solutions can achieve. Maintaining a united approach towards data tracking will, therefore, be key. Emissions data tracking solutions will undoubtedly be a revolutionary approach, allowing companies to seamlessly track their real-time emissions. Accurate data is key. Assumptions will not drive certainty in markets. Only certainty will drive the $6 trillion investment needed in the energy sector between now and 2030 to restrict global warming by 1.5˚C.
VIEW REFERENCES Daniel Carter daniel.carter@woodplc.com
www.decarbonisationtechnology.com
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