Corporate Carbon Footprint Reduction: A Pre-feasibility Study And Comparative Analysis Of Greenhouse Gas Emission Reduction Strategies For Enerplus Corporation

Abstract

Reducing Greenhouse Gas (GHG) emissions is imperative for corporations, and a number of environmental, regulatory, social, and economic incentives exist for companies to reduce their carbon footprints. In order to make a specific recommendation for reducing the carbon footprint of Enerplus Corporation, this research contains a pre-feasibility study of different GHG reduction methods. By calculating the simple payback period based on various costs of carbon emissions, a comparative analysis outlines which methods are most suitable for integration into Enerplus’s operations. The study finds that the risks associated with climate change create a number of incentives for Enerplus to reduce their carbon footprint. Preliminary findings suggest that converting pneumatic devices, integrating energy efficient lighting options, investing in afforestation projects, and adding waste heat recovery or vent gas capture technologies are the most cost effective GHG reduction measures. As such, these measures present viable options for Enerplus to reduce their corporate carbon footprint.