“We’re running the most dangerous experiment in history right now, which is to see how much carbon dioxide the atmosphere… can handle before there is an environmental catastrophe” (Elon Musk)
Climate change is now a part of our life. It is worth getting to know how big our carbon footprint is and how we can reduce it. Of course businesses will also need to start thinking about the new carbon tax planned for 1 January 2019.
Defining “carbon footprint”
It’s the amount of Greenhouse Gases (GHGs) emitted – the main culprits are carbon dioxide, methane, nitrous oxide and fluorinated gases.
The most common ways we emit Greenhouse Gases is by transport, the food we eat, the energy we consume and our shopping spend. If you want to measure your GHGs have a look at The Nature Conservancy’s Carbon Footprint Calculator here.
What should you do to reduce your footprint?
Transportation is now the biggest emitter of GHGs, so it’s a good place to start.
An overseas flight puts 2.6 tons of GHGs into the atmosphere. Do you really need to make that overseas trip when a lot of business can be done on electronic media?
Motor cars come next – if the average person did not use their car for a year it would also save 2.6 tons of GHGs. Consider the following:
- When buying a car consider buying an electric or hybrid vehicle. Generally, the less emissions, the lower your operating costs.
- Minimise the use of your car – use carpools, share a taxi or Uber, or where possible ride a bicycle or walk.
- Service your car regularly and check tyre pressure often.
- To optimise your fuel usage, drive more efficiently by braking less and reducing the amount of air-conditioning you use.
In terms of your home, look at going off grid and converting to renewable energy. If this is too expensive you can:
- Regulate the hours your geyser operates,
- Reduce your meat and dairy consumption,
- Buy a laptop as they use 80% less power than desktops,
- Recycle bottles, packaging etc.
There are many ways to save here, so look at your home and circumstances and analyse how you can cut GHGs.
We have already touched on shopping but reducing what you buy to cut down on waste is a good start. Look at the type of packaging on your purchases – is there wastage by the supplier and how environmentally friendly is it? If we do this correctly we can:
- Save money
- Lead a healthier lifestyle, and
- Reduce CHGs.
Climate change is with us, so let’s approach it in a realistic and responsible way. Let’s also measure how we contribute to CHGs and how we can try to reduce our impact on the environment.
This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)