Climate change is still a trending topic around the globe, even though the sense of urgency around last year’s climate summit has died down. Nevertheless, with governments making policies to curb the causes of climate change, the topic is gaining momentum again. Countries like the US, the UK, Denmark, Finland, etc., are making strict policies to ensure that businesses incorporate their cost of their emissions into their financial planning.
For instance, the US State of California has created policies like the Cap-and-Trade Program to incentivize businesses to reduce their carbon footprint. The European Union has also followed suit, with its own emissions trading scheme (ETS). The EU’s ETS is a set of policies focussed on fighting climate change by encouraging businesses and heavy industry to reduce their emissions of carbon dioxyde.
As carbon dioxide is the major cause of climate change, here are a few things you can do to reduce your carbon footprint:
1. Energy efficient appliance
One of the effective ways to reduce your carbon footprint is to opt for energy-efficient appliances. The way you use your appliances would also affect the amount of energy you consume. For instance, appliances used to cook, cool, or freeze your home or office account for 13% of average energy consumption. Reducing how often you use these appliances will reduce your carbon footprint drastically. Opt for eco modes like airing your clothes on the line instead of using your washing machine. Always buy appliances that have high energy efficiency.
2. Lower your carbon travel
Carbon emissions reduced drastically during the peak of the COVID. However, as restrictions have eased, people are beginning to travel more. Not all meetings require your presence with the inventions of communication tools like Zoom, Skype, etc. You can lower your carbon travel by fixing your meetings virtually. Also, for short distances, you could leave early and take a walk or ride a bicycle. Most businesses now have bicycles to help their team run around small errands. The health benefits of riding a bicycle or taking a walk are also enormous.
3. Reduce, reuse, and recycle
Do you know that every product you buy has a carbon footprint? Also, energy was used to produce every end-product. Therefore, before any product got to you, it may have caused some carbon emissions. Reducing the amount of products you consume will reduce your energy consumption. You can reuse the products instead of buying another one if it’s possible. Also, opt for recycling the products if it’s doable.
4. Energy-saving lighting system
The interesting thing about using energy-saving lighting systems is that it reduces your electricity bills. Opt for LED bulbs instead; you may need to switch them off when there is no use. Use the LED bulbs when everywhere is dark, but during the day, switch them off and let as much sunlight into your home as possible. Open the windows and lift your shutters to the fullest possible extent. You could also install mirrors to bounce light off into darker corners of a room.
The best part about reducing your carbon footprint is that it saves costs and reduces the bills you pay for electricity, ultimately increasing your purchasing power. Therefore, opting for environmentally friendly options is not a bad idea after all. Finally, if you have an interest in trading the stock market, you can also speculate on the price of EU carbon credits through CFD brokers and their trading platforms.
Article Submitted By Community Writer