The Compliance Opportunity
California recently passed a cap-and-trade program which will cover electricity generation as well as industrial sources that emit large quantities of CO2, the impact of which is expected to be felt far beyond the Golden State. With enforcement beginning in 2013, it’s time for companies that will be subject to the legislation to start getting ready. Among the questions to address: Could the new regulation actually be an opportunity rather than simply a regulatory obligation?
A new article from Deloitte, “The Compliance Opportunity,” aims to help companies understand the cap-and-trade legislation’s implications and explores various strategic options for addressing them. While “basic compliance” to obtain sufficient credits and allowances could be one approach, moving “beyond compliance” by managing emissions and other key resources such as energy, water, materials, and waste may give companies the chance to gain a competitive advantage by helping them operate more efficiently.
To read more about the strategic issues around energy and emissions raised by California’s cap-and-trade legislation, download the article below.