National Grid has also stated its intention to adopt new carbon budgets across its UK and US electricity and gas businesses from April 2009, integrating them into the management of its business operations and company performance process, to help achieve this target.
Under its current UK regulatory price controls and US rate plans, National Grid already has a variety of features that enhance environmental performance.
Over the next 12 months, National Grid will undertake a review of its operations following a protocol used by The Climate Registry, based on World Resource Institute methodology.
This is expected to provide a detailed assessment of the carbon footprint for each National Grid business and will enable managers to determine the most effective and economic ways of reducing emissions.
Steve Holliday, National Grid’s CEO, said: Adopting carbon budgets and integrating them into our business performance process will encourage our employees to identify new ways to achieve the challenging 80% reduction target, and ensure emissions reductions remain at the heart of our operational decision-making.
