This Small Accounting Tweak May Boost Demand for Renewables
- CDP will start crediting companies that buy green certificates
- Change may spark fresh investment in wind and solar power
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A small change to the way companies report their carbon footprint could spark fresh demand for renewable energy.
CDP, the consultant formally known as the Carbon Disclosure Project, will start giving greater recognition to businesses that buy renewable energy certificates, not just those who invest in building new wind farms and solar parks, said Pedro Faria, CDP’s technical director.