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How Much Impact Will Efforts To Cut Carbon Emissions Have On The Industry?

This goes hand-in-hand with question one. Since all major importing countries have adopted strong policies on carbon emissions, the impacts on big oil companies are still revealing themselves. Because of this, many major oil companies are investing in alternative energies, and the transportation industry is moving towards more efficient vehicles.

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Question added by Muhammad Ahsan Zia , Assistant Production Manager , Al Karam paper Mills Pvt Ltd.
Date Posted: 2017/04/22
FIDELIS CHUKUKA OGWU
by FIDELIS CHUKUKA OGWU , HSE SUPERVISOR , SAIPEM CONTRACTING NIGERIA LIMITED

The impact on carbon emissions cut varies from industries to industries. However, according to the analysis of Environmental Protection Agency and US Chamber of Comerce, the costs can be viewed as small relative to the overall economy. It was estimated to be a bit less than 0.2 percent. All in all, the costs aren’t that high in line with these calculations.

 

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