NHS organisations should develop carbon literacy and embed carbon reduction in their financial mechanisms. The financial system supporting the NHS needs to be updated to ensure that capital can be funded to take advantage of the longer term gains of innovative and truly sustainable and low carbon projects. Private Finance Initiatives (PFIs) must be able to demonstrate long term low carbon performance and sustainability.
The consultation on the draft Carbon Reduction Strategy showed strong support for ensuring carbon reduction is integral to all financial and economic decision making in the NHS. This view is supported by the UK Government whose Advisory Committee on Climate Change have set out three carbon budgets for the UK which “will take their place alongside financial budgets, and become pivotal to policy decisions in the UK”. This means that organisations will need to develop understanding of carbon and how it can be used as a tax regime or currency.