RepuTex announces Australia’s best low carbon companies
Posted Jul 07 2008 7:15pm
In the eve of the draft climate change report fromRoss Garnaut,Reputex, a ratings and research firm released the best low-carbon companies in the ASX 300.
Yesterday, in view of the BCA release of passing on costs due to carbon to consumers, Icommentedthat
“This will surely happen but for businesses which will start implementing carbon reduction programs from now on will have a competitive advantage to hold or reduce their prices. This is an opportunity for forward thinking businesses. Did you start talking to a carbon consultant ?”
Regardless of the shape and scope of a local scheme, at the end of the day it s a simple equation, companies with lower emissions will be better positioned. These companies will better insulated from any carbon tax, and better positioned to benefit from constraints oncompetitors. Other stocks will simply be playing catch up , he said.
Babcock and Brown Wind is leading in Australia especially since it is “able to generate electricity with 97% less emissions than its sector peers. When this is translated into life under an emissions trading schemeit will represent a considerable competitive advantage.”