The following table outlines the phased nature of compliance with Australia’s 2007 NGER Act (courtesy Deloitte consulting). Looking at the table, the thinking seems to be that the more you emit, the sooner you must report.
Regarding software systems for supporting carbon tracking, reporting, etc., Deloitte concludes that as of December 2009, organizations face four key challenges:
- Immature systems and processes (manual spreadsheets, uneven auditing, etc.)
- Complexity of measuring emissions (what must be measured and how to be consistent over time)
- Uncertain reporting boundaries (who’s responsible for what, e.g., in complex supply chains)
- Data quality.
While much is made of accounting for carbon and changing processes to reduce emissions, less is made of the financial dimensions: cost/benefit of reporting, cost/benefit of emission reduction, time schedule, NPV, etc. Both are critical elements of well-designed carbon reporting services.