Appetite for change - Accountancy Nieuws
Appetite for change - Accountancy Nieuws Appetite for change - Accountancy Nieuws
Section 3Where are the opportunities for government?A company that already participates in an emissions tradingscheme is also more likely to support the idea (see fig. 12).Figure 12Support for an emissions trading scheme increases with participationEnergy, utility and mining firms are most likely to be involvedin trading. Thirty four per cent of them participate in and76 per cent support emissions trading. In contrast, only 12per cent of retail and consumer goods companies tradeemissions and 62 per cent support the idea.92%of businesses agreethat government should offer moreincentives to invest in environmentallybeneficial activities and technologiesPercentage supportive1009080All non-tradingbusinessesTechnology, Information,Communications,Entertainment & MediaRetail & Consumer GoodsFinancial ServicesEngineering,Construction &Industrial ManufacturingAll trading businessesEnergy, Utilities & MiningAcross all industries, 82 per cent of businesses that tradeemissions support trading. This compares with 65 per centof non-trading businesses that are supportive. The 17-pointgap appears wide next to the 5-point difference in supportbetween carbon tax payers and those who do not pay acarbon tax. The trading profits some companies have mademay contribute to this divide. Businesses that have soldallowances for windfall profits in the last few years are likelyto support trading. These include some European utilitiesand developers of projects that sell allowances through theclean development mechanism (CDM). The fillip from CDM isevident in the high percentages of supporters in Brazil, Chinaand India (see fig. 11 on previous page).7060500 5 10 15 20 25 30 35Percentage participatingBase: Total (654)20 Appetite for change. PricewaterhouseCoopers.
pwc.com/appetiteforchangeLimiting the policy debate to carbon taxes and emissionstrading ignores the most popular policy tool in the businesscommunity – incentives. Ninety two per cent of businessesagree that government should offer more incentives to investin environmentally-beneficial activities and technologies (seefig. 13 below). Eighty nine per cent believe financing for greentechnology is important to ensure the effectiveness of a globalclimate change deal (see fig. 6 on page 15). This compares to78 per cent that believe a global carbon market is important.82% of businesses thattrade emissions support tradingFigure 13Most are in favour of incentives, but current criteria are too onerous, it is unclear what incentives do exist and they are insufficiently motivatingThe government needs to offer more incentives tosupport investment in environmentally beneficialactivities, processes & new technologies1 5 22 70Agree92%Meeting criteria required by current taxincentives is too onerous to makethe incentives worth applying for14 7 24 38 1755%It is clear what tax incentives existand how to apply for themCurrent tax incentives are sufficiently motivatingto make businesses change their behaviour5 22 40 24 856 28 43 19 532%24%Don’t knowStrongly disagreeSlightly disagreeSlightly agreeStrongly agreeThinking about environmental tax incentives, how strongly do you agree or disagree with the following statements about government policy? Base: Total (654)Appetite for change. PricewaterhouseCoopers. 21
- Page 1 and 2: Appetitefor changeGlobal business p
- Page 3: ForewordMark SchofieldGlobal Leader
- Page 6 and 7: Section 1Executive summaryA uniquei
- Page 8 and 9: Section 2Why is government leadersh
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- Page 44 and 45: Section 6While managing uncertainty
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- Page 48 and 49: Section 7About the survey48 Appetit
- Page 50 and 51: About PwC: Global Sustainability& C
- Page 52: pwc.com/appetiteforchangeCert no. C
Section 3Where are the opportunities <strong>for</strong> government?A company that already participates in an emissions tradingscheme is also more likely to support the idea (see fig. 12).Figure 12Support <strong>for</strong> an emissions trading scheme increases with participationEnergy, utility and mining firms are most likely to be involvedin trading. Thirty four per cent of them participate in and76 per cent support emissions trading. In contrast, only 12per cent of retail and consumer goods companies tradeemissions and 62 per cent support the idea.92%of businesses agreethat government should offer moreincentives to invest in environmentallybeneficial activities and technologiesPercentage supportive1009080All non-tradingbusinessesTechnology, In<strong>for</strong>mation,Communications,Entertainment & MediaRetail & Consumer GoodsFinancial ServicesEngineering,Construction &Industrial ManufacturingAll trading businessesEnergy, Utilities & MiningAcross all industries, 82 per cent of businesses that tradeemissions support trading. This compares with 65 per centof non-trading businesses that are supportive. The 17-pointgap appears wide next to the 5-point difference in supportbetween carbon tax payers and those who do not pay acarbon tax. The trading profits some companies have mademay contribute to this divide. Businesses that have soldallowances <strong>for</strong> windfall profits in the last few years are likelyto support trading. These include some European utilitiesand developers of projects that sell allowances through theclean development mechanism (CDM). The fillip from CDM isevident in the high percentages of supporters in Brazil, Chinaand India (see fig. 11 on previous page).7060500 5 10 15 20 25 30 35Percentage participatingBase: Total (654)20 <strong>Appetite</strong> <strong>for</strong> <strong>change</strong>. PricewaterhouseCoopers.
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