Electricity and Control April 2021

ENERGY MANAGEMENT + THE INDUSTRIAL ENVIRONMENT

at the same time, considering offsets and allowances provided for in the act. The pressure is mounting for industries to meet their carbon tax obligations and reduce their environmental impact, but saving the planet does not have to feel like an unattainable goal. With the ability to monitor their carbon footprint, businesses will find it much easier to make the changes required to achieve environmental goals and tax compliance. EcoGauge Organisations need to get a clear view of their carbon footprint as a starting point for decarbonisation initiatives as well as a means to calculate their carbon tax liability, leveraging the tax-free allowances and offset opportuni- ties. Cloud-based carbon tax calculator applications like EcoGauge have been designed locally to make this easy. No more spreadsheets or complicated manual calcula- tions; organisations can simply input their emissions or pro- cess data to obtain a report that breaks down tax liability by emissions source and applies offsets, giving complete visibility of carbon output across operations and facilities. Such tools offer real-time insight into the effectiveness of efforts implemented to clean up operations and make it easier for organisations to monitor and report regularly on their carbon footprint. □

At a glance  The CarbonTax Act was not intended to burden businesses but as a means to raise environmental awareness and urge behavioural change in industry.  To make a meaningful contribution in achieving a carbon-neutral economy, organisations need to reduce emissions and implement greener approaches in their businesses.  New technologies make it easier for businesses to determine their carbon footprint, as a starting point for decarbonisation initiatives.

across an organisation’s value chain, it becomes possible to determine the carbon budget and to identify the starting point for pollution prevention plans. A carbon budget evaluates the tolerable output that can be emitted over a specified period; a pollution prevention plan, in turn, details processes that require change and practical measures to reduce emissions over time. To do this, organisations need to analyse their emissions on a continuous basis, set real-time goals, and reduce emissions intensity at the required pace in order to stay within budget and achieve the intended results. Technology provides the bigger picture Such tracking and analysis are made easier with advances in technology. Designed for local conditions, cloud- based carbon analytics tools give businesses the power to visualise emissions across the entire operational chain and provide an information platform that will enable them to clean up their operations and calculate their tax liability Danfoss has changed its group structure to combine its Heating and Cooling divisions into Danfoss Climate Solutions. With the new Climate Solutions division, Danfoss will intensify its focus on the green agenda in specific global markets. Worldwide there is a strengthened focus on efforts to overcome climate change and by combining its Heating and Cooling divisions into Danfoss Climate Solutions, the company aims to help customers and partners take action to mitigate climate change and build a greener future. Danfoss Climate Solutions holds leading positions in Climate Solutions focusing on the green agenda

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ENERGY MANAGEMENT + THE INDUSTRIAL ENVIRONMENT : PRODUCTS + SERVICES

the Paris Agreement and the EU Green Deal as strong driving forces in accelerating its efforts. With the new Danfoss Climate Solutions division, the company will fur- ther strengthen its focus on innovation and application expertise to become a stronger technology partner for customers and partners. “What we engineer and what we sell plays a part in mitigating climate change and meeting the world’s climate targets. Buildings must be made energy-efficient and carbon emissions must be reduced. Governments and the private sector both have critical roles to play in ensuring investment in sustainable energy innovation increases at this pivotal moment. We already have the technologies and the solutions needed to support the transition to a decarbonised economy, and by working together, governments, companies, investors and citizens can better understand the challenges we all face – and how to overcome them,” says Jürgen Fischer, President Danfoss Climate Solutions.

providing sustain- able and energy efficiency solutions for industry, the built environment and the entire food chain. It will leverage the cli- mate change agen- da and the targets in

Building a greener future.

For more information visit: www.danfoss.com

14 Electricity + Control APRIL 2021