In 2005, EU legislation aimed at capping carbon emissions generated billions of euros in assets and liabilities. For the companies affected, a choice must be made: Cut emissions, invest in international emission reduction projects or trade emissions. With this choice comes new risks and opportunities.
In the pulp and paper industry, emissions trading will require management to adopt a new mindset. “Carbon thinking” will need to be incorporated into the full range of company activities from operations and trading to investment planning; and from legal and environmental compliance to tax and accounting. Pulp and paper producers will need to stress test their longer-term planning against a range of possible regulatory and market scenarios. Companies will need to think about ways to communicate carbon risks and opportunities to investors, customers and financial institutions.
How PricewaterhouseCoopers can help you
PricewaterhouseCoopers helps clients develop a robust strategy for operating in a carbon emissions-constrained world and offers professional advice regarding the complex tax, legal and regulatory processes involved in emissions trading.
