London, 6 July 2023 – Carbon and energy prices have undergone notable increases in recent years, posing significant financial risks for sectors reliant on fossil fuels. Recent research by EcoAct, an Eviden business, estimates that carbon price costs could account for 10% of the revenue of carbon-intensive sectors by 2030.
To address these growing risks, EcoAct has developed the Carbon and Energy Pricing Tool, a decision-making solution that enables businesses to anticipate the financial impacts of regulatory carbon and energy price fluctuations, as well as the financial opportunities arising from their transformation strategies. Its application has already proven effective in various sectors including manufacturing, agrifood and retail, spanning across different regions such as the European Union, United Kingdom and North America.
Furthermore, to better understand the positive or negative financial impacts resulting from the adoption of a low-carbon economic model, the Carbon and Energy Pricing Tool supports businesses in:
- Anticipating future additional financial costs related to carbon and energy prices (natural gas, coal, gasoline, fuel and electricity in transportation, industry, building and power production) through scenario-based impact studies
- Facilitating the development of business model transformation strategies involving decarbonising core activities and transitioning to greener supply chains
- Evaluating the financial impact of transformation and decarbonisation actions, with annual updates of the company’s CO2 emissions data and regular refreshes of information on energy and carbon prices in relevant geographical areas
Specifically, the Carbon and Energy Pricing Tool allows modelling, at a country and sector level, based on three scenarios of energy and carbon price developments up to 2050:
- Costs related to energy procurement and compliance with carbon regulations throughout the company’s value chain
- Financial impacts of the most significant sources of CO2 emissions
- Savings achieved through CO2 emission mitigation plans
The tool also enables businesses to integrate their forecasts for the purchase of goods and services and energy consumption. Numerous modular charts and graphs facilitate a quick and visual understanding of key messages.
This solution supports businesses in data collection (energy, raw materials, transportation, procurement, etc.) and provides training on regulatory carbon markets. It allows for swift identification of the most exposed service lines and products that require immediate action.
Developed by climate economics experts at EcoAct, the Carbon and Energy Pricing Tool relies on internal regulatory monitoring of carbon taxes and Emission Trading Schemes development and energy price projections from Enerdata, a recognised data provider. It facilitates detailed analysis with granularity at a country and sector level. It also considers the specificities of carbon pricing mechanisms to best reflect the reality of the financial risks involved. Additionally, it supports the analysis of direct and indirect carbon and energy costs passed on by suppliers.
EcoAct, an Eviden business, is an international climate consultancy and project developer that supports companies to set robust science-aligned net-zero strategies and achieve their climate targets. Founded in France in 2006, the company now spans three continents with offices in Paris, London, Barcelona, New York, Montréal, Munich, Milan and Kenya.
With a team of more than 360 international climate experts, EcoAct’s core purpose is to lead the way in delivering sustainable business solutions that deliver true value for both climate and client. EcoAct is a CDP Gold Partner, a founding member of ICROA, a strategic partner in the implementation of the Gold Standard for the Global Goals and reports to the UN Global Compact. To learn more, visit http://www.eco-act.com.
Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 53 countries. Bringing together 57,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.
EcoAct – Isabel Fernández de la Fuente, +44 7485 365321
 It should be noted that the energy price scenarios are sourced from the EnerFuture database and are provided by the data provider Enerdata (Source: Enerdata/EnerFuture http://www.enerdata.net). End-user energy prices consider industry demand, production costs, national taxes and subsidies, as well as the latest geopolitical and climate policy developments.
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