Ingersoll Rand Expert Weighs in on Carbon Pricing, Findings From Research With GreenBiz
How Energy Efficiency Helps Business Prepare for Carbon Pricing
Owen Smith, director of global energy policy and strategy at Ingersoll Rand, recently discussed the findings of a newly published whitepaper titled “Accountability for Climate Action: How Corporations are Tackling Climate Change.” The whitepaper is a result of collaboration between Ingersoll Rand, a world leader in creating comfortable, sustainable and efficient environments, and GreenBiz Media.
Among other topics including energy efficiency, renewables and supply chain impacts, Smith spoke to survey findings specific to carbon pricing.
“The economics of making investments in carbon reductions or efficiency gains or integration of renewables have been improving,” Smith said. “There’s a lot more options available to companies today and there are a lot more economical options than there were a few years ago. Companies have the latitude and the wherewithal to position themselves to deal with carbon pricing, and increasingly are seeing it as a business opportunity.”
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About Owen Smith
Owen Smith is the director of energy policy and strategy in Ingersoll Rand’s Center for Energy Efficiency and Sustainability (CEES). In this role he works with Ingersoll Rand’s businesses to develop market-leading strategies that reflect significant trends in the energy sector. His efforts expand and accelerate market opportunities for energy efficiency solutions by engaging with leaders from business, non-profit, academic and government institutions. He also seeks to ensure the company’s strategic brands are well positioned to thrive as they address society’s pressing energy and environmental challenges.
Smith came to CEES from Rocky Mountain Institute (RMI), a thought leading environmental non-profit that engages with businesses, communities and institutions to advance market-based solutions to accelerate the transition to a clean energy future. As principal of RMI’s Electricity and Communities Practices, he was accountable for programmatic goals to accelerate the transformation of the electricity system and to enable communities to capture economic benefits by leading on climate and energy challenges.
Prior to RMI, Smith worked at Duke Energy where he scaled renewable energy and energy efficiency across Duke’s regulated utilities. He also held positions in corporate strategy, mergers & acquisitions, finance and marketing.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car®, Ingersoll Rand®, Thermo King® and Trane® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a $13 billion global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
