As our knowledge of climate change and harmful emissions has evolved, so has the way we measure them. Historically, emissions were calculated using only CO2, but the standard has since shifted to CO2e. This new standard is more comprehensive and provides a better picture of the true impact of our emissions. In this post, we will explore why it is important to measure CO2e and not just CO2, and what this means for businesses moving forward.
What is CO2e?
CO2e, or "carbon dioxide equivalent," is a standard used to measure greenhouse gas emissions that cause climate change. It considers all of the gases that contribute to global warming, including carbon dioxide, methane, and nitrous oxide among others. By measuring CO2e, we get a more accurate picture of the total impact of our emissions on the environment.
The Negative Effects of Ignoring CO2e
Ignoring CO2e can have negative effects on both the environment and businesses. When companies only measure CO2, they are not taking into account other greenhouse gases that contribute to climate change. This means they may be overlooking important emissions that could be reduced or eliminated. In addition, by not considering the full impact of their emissions, companies may be underestimating their environmental footprint and the potential risks associated with it.
The Benefits of Measuring CO2e
Measuring CO2e provides a more comprehensive view of a company's emissions and can help identify areas for improvement. By using this standard, companies can accurately assess their environmental impact and set targets for reducing emissions. This can lead to cost savings through energy efficiency improvements and a reduction in greenhouse gas emissions. In addition, measuring CO2e can help companies stay competitive in a changing marketplace where customers are increasingly demanding environmentally responsible products and services.
What Can Companies Do to Measure CO2e?
There are several tools and resources available to help companies create their CO2e emissions inventory. The Global Reporting Initiative (GRI) provides guidance for sustainability reporting which includes measuring CO2e. The Greenhouse Gas Protocol is a widely-used accounting tool that provides guidance on how to calculate and report GHG emissions. In addition, there are many third-party organizations that offer carbon footprint assessments and consulting services to help companies measure and reduce their emissions.
AireCore from Spectaire is the first tool purpose built for the analysis of CO2e emissions on mobile and field assets like trucks, rigs, agricultural equipment, and other end point emissions creation that does not allow a standard mass spectrometer to access. Through AireCore companies can see a minute to minute real world emissions footprint including all the CO2e gases and make informed decisions on how to reduce emissions and when necessary report them effectively.
The Bottom Line
Measuring CO2e is more accurate and comprehensive than measuring only CO2. By understanding the full scope of a company's environmental impact, businesses can identify areas for improvement, reduce emissions, and stay competitive in a changing marketplace. With tools and resources readily available, there is no reason for companies not to measure their CO2e emissions.
Conclusion
In conclusion, measuring CO2e is an important step for businesses looking to reduce their environmental impact and stay competitive in a changing marketplace. By taking a comprehensive approach to measuring emissions, companies can identify areas for improvement, reduce costs, and improve their reputation. As the negative effects of climate change become increasingly clear, measuring CO2e is no longer just a nice-to-have - it's a must-have for businesses that want to succeed in the long term.
