NVTC Titans Breakfast: Sudhakar Kesavan, Chairman & CEO, ICF International, Says Regulatory Environment is Changing, Companies Need to Control Carbon EmissionsHERNDON, VA, Jan. 30, 2008 - Before an audience of approximately 500 business executives at the Northern Virginia Technology Council's (NVTC) Titans Breakfast, with participation by the Greater Washington Board of Trade, Sudhakar Kesavan, Chairman & CEO, ICF International, said within the next few years, federal regulations will likely be in place that will require companies to take steps to control carbon dioxide (CO2) and other greenhouse gas emissions.
Kesavan said that after years of debate in the scientific community, there is now a consensus that the earth is warming because of greater amounts of CO2 in the atmosphere, which has been increasing over the past 100 years. Many major industry emitters have realized this is a major issue and are pushing for national regulations to reduce CO2 emissions—as they would prefer one set of federal rules versus a "patchwork of legislation" if regulation only takes place at the state level. Several bills are currently being considered in Congress that would require cap and trade systems to limit carbon emissions. According to Kesavan, the Climate Security Act, co-sponsored by Senator John Warner (R-VA) and Senator Joe Lieberman (D-CT), is regarded as the most likely basis for legislation in the future. Legislation to control CO2 emissions is currently moving forward "aggressively" at both the federal and state level, according to Kesavan.
Kesavan said that companies that decide to reduce carbon emissions, especially those with ambitious programs to become carbon neutral, will experience "an improvement in employee retention and morale and the bottom line." Many large U.S. companies have already made these commitments in the technology sector, including Google and Yahoo, and in the manufacturing area, including Nike and Timberland.
By April 2008, ICF's 23 offices worldwide will be carbon neutral through a combination of energy efficiency and transportation measures, and the purchase of high-quality carbon offsets. The company estimates that after implementing existing abatement measures, its emissions for 2006 were about 7,100 metric tons of CO2, all of which are being neutralized through emission reduction measures captured by the offsets purchased by the company.
To view Kesavan's PowerPoint presentation, please visit www.nvtc.org or www.icfi.com/nvtc.
NVTC will host two other Titans Breakfasts in the spring: on March 13 with Bill Gates, Chairman and Chief Software Architect, Microsoft Corporation; and on April 15 with Dan Johnson, Executive Vice President, General Dynamics Information Technology. To learn more about this upcoming Titans Breakfast or other NVTC events, visit www.nvtc.org.