Industry now accepts the urgent need for action on climate change. Invariably, this will impose additional operating costs on the organisation and change the methods of calculating the costs of greenhouse gas (GHG) abatement. It will also mean a change in the way energy is produced and used.
Until now, wind energy production has advanced through government policies, regulations and tax credits. The low velocity wind turbine introduced by OrganoWorld embodies such a radical change in the technology of energy conversion that the decision to become a wind energy producer is now based on
ROI rather than government incentives. The corporate committment to reduce GHG emisions is in a much better equilibrium with the return on investment and greatest benefits.
One of the principal responsibilities of the Chief Financial Officer is to assure the organisation obtains the greatest benefit at the lowest overall cost. The challenge will be to balance commitments to lower GHG emissions and the deal with the increase in conventional energy costs and decrease in benefits.