As a business owner, you probably have a long to do list – and achieving net zero could be high on that list.
Climate change will continue to be one of the greatest challenges of our lifetime and business leaders are feeling the pressure to act.
The UK Government’s net zero 2050 initiative is a big part of the solution to this challenge, encouraging organisations across all industries to do their part to cut down their carbon emissions. However, analysis from PwC shows that only around 8% of the world’s largest companies have pledged to becoming net zero, so clearly much more needs to be done to take effective climate action.
What is the net zero initiative?
Net zero 2050 is an initiative set up by the European Climate Foundation, with contributions from a range of experts and organisations. This carbon strategy is being employed to satisfy the Paris Agreement and aims to balance the amount of carbon emitted to the atmosphere with the amount removed. The Paris Agreement’s goal is to limit global warming below 2 degrees celsius when compared to pre-industrial revolution levels.
The initiative is set out to encourage businesses to commit to reaching zero-carbon by the year 2050. It also recognises that, to achieve this, steps need to be taken now.
The goal of reaching zero greenhouse gas emissions by 2050 (or sooner) falls in line with global efforts to limit global warming to below 2 degrees celsius.
The benefits of net zero for businesses
- Increased energy independence: By generating your own renewable energy, you can reduce reliance on the grid and improve energy security.
- Improved reputation: By committing to net zero, your business can demonstrate commitment to sustainability and improve reptation with customers and stakeholders.
- Compliance with regulations: As world governments set stricter regulations on carbon emissions, businesses already away on their net zero journey can avoid future fines and penalties.
How your business can achieve net zero
To reach net zero, businesses must act now and make fundamental changes. Joining industry-specific coalitions and consulting energy experts can provide valuable support.
Reducing reliance on the National Grid by investing in renewable energy generation and storage can cut emissions and lower long-term costs. Transitioning to electric heating and vehicles also plays a key role in decarbonisation. Carbon capture and storage (CCS) is another option, capable of preventing up to 90% of fossil fuel emissions from reaching the atmosphere. Additionally, adopting net zero office spaces can support your sustainability goals.
Seek out support
Consultiv Utilities can help you meet your net zero goals all while saving on your energy costs. We can provide a holistic view of your business energy that will allow you to make more informed decisions regarding your present and future energy usage.
Contact us today for more guidance about the steps your business can take towards net zero: Contact Us – Consultiv Utilities
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