64 trillion reasons to act

The Carbon Disclosure Project (CDP) reports are now out. On behalf of 534 institutional investors, holding $64 trillion in assets under management, this is the 8th year CDP has reported. From just 235 organisations in 2003, 2,500 now measure and disclose greenhouse gas emissions – and what their actions are to manage or mitigate the impacts – to the CDP.

Importantly there are some interesting new entries. Like Nestlé which débuts  in CDP’s leadership index for the first time.

CDP is relevant for any organisation or business. It asks 10 questions of major companies. One of these is what actions are the companies taking in the supply chain. Which means any organisation involved in delivering, or wanting to deliver, a product or service to 2,500 major corporations around the world should read the CDP.

That’s most of us and there are 64 trillion reasons to do it.

Bloom Box Blue Gen and fuel cells

Earlier this week 60 Minutes showed Bloom Energy‘s Bloom Box and the topic trended #1 on google. It’s quite a result – a high level of interest in new technical ways of generating electricity and power.

Fuel cells have great potential. This 3000 home power station in Korea is currently generating electricity and heat at 80% efficiency. It produces power at about AUD 0.23 per unit (roughly similar to the retail price of electricity in Australia) and 50% of this price is gas – a relatively expensive imported commodity in Korea. In Australia or other countries with gas resources the power could be a lot cheaper.

Fuel cells, in a world first from Australian company BlueGen, are also installed in houses. The units, about the size of 2 washing machines, promise to cut household power bills by about $1,100. Costs to the homeowners are still being worked on.

Picture: BlueGen Home fuel cell. It produces up to 75% less carbon dioxide emissions than Victoria’s current coal-fired generators – saving up to 18 tonnes of carbon per unit per year.