Carbon Management: How to Spot a Useful Scenario – Part 1
One of the common questions asked from users of our Envago Carbon platform when it comes to carbon management has been, "What makes a good scenario to model?". In response, we have curated a series of valuable insights that we are excited to share.
A scenario is a look into the future, usually by a company or organisation, based on reasoning and justifications, and used for strategic planning and decision making. It is more than just a forecast or a trend extrapolation – it is a deliberate effort to widen the lens on the future, rule in and rule out potential events, account for probabilities and players, and provide a focal point for solid management.
To paraphrase Pierre Wack, "we may not be able to see the rapids – hearing them is enough for us to start paddling.”
Good, well-crafted scenarios typically have several essential traits:
Future-Focused: These scenarios are not merely about reimagining present-day decisions but are instead geared towards exploring potential futures and their implications.
Contextual Relevance: They consider external factors beyond our control, grounding the scenarios in a broader, realistic context.
Plausibility: Scenarios must be realistic to serve as useful guides, even if they explore uncertain or challenging possibilities.
Central Narrative: A strong, cohesive narrative that ties the scenario together.
Distinct but Related: Scenarios are often grouped and clustered into multiple related scenarios. While each scenario within the group shares a common thread, each one remains distinct, with a unique purpose for itself.
If your scenario looks into the future, accounts for external factors beyond your control, remains plausible, weaves a compelling narrative, and models multiple different aspects, you’ are likely on the right track.
At Greenbase, we have over two decades’ experience in carbon management and our experienced Environmental Specialists are here to guide you and help you identify effective scenarios to plan for to navigate your decarbonisation journey.
To learn more, book a free demo with one of our experts today: https://www.greenbase.com.au/envago-carbon
Greenbase. Makes Sense.