Power Struggle

Global FinanceVol. 20 Nbr. 8, September 2006

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Summary


Companies that operate plants have felt the heavy hand of consumers' and policymakers' corporate social responsibility expectations. The EU's Emissions Trading Scheme (ETS) requires 12,000 installations and high carbon emitters throughout Europe to reduce their carbon dioxide emissions in the period from 2005 to 2012. To help companies comply with the ETS, Natsource, one of the first funds established to trade in greenhouse gas emission reductions, established a Greenhouse Gas Credit Aggregation Pool, which provides a group of 26 buyers with cost-effective emission reductions. But the fight to reduce carbon emissions is not confined to just those companies whose activities more directly affect the environment. The rising costs of energy and regulatory pressure have put the greening of the data center and IT in the spotlight. But instead of waiting for the heavy hand of regulation to take effect, IT-reliant companies can use server virtualization technologies to move from having one server per application to one physical server hosting "virtual operating systems," reducing power consumption.

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Extract


Power Struggle

In these times of heightened environmental awareness, it is not uncommon to hear corporate heavyweights like BP and Shell being lambasted by non-governmental organizations (NGOs) for flouting environmental and social guidelines and their involvement in controversial projects such as the construction of oil pipelines. oil companies and the banks that finance these projects have been forced to address environment...

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