The path to Net Zero
Scientists estimate that limiting global warming to 1.5° C by 2050 would reduce the odds of initiating the most dangerous and irreversible effects of climate change. However, The Earth’s temperature only responds slowly to reductions in greenhouse gas emissions. It will only stop warming when collectively, we reach ‘Net Zero’ carbon dioxide emissions.
To the right is a recent snapshot of the Keeling Curve, produced by the Mauna Loa observatory which tracks the CO2 concentration in the atmosphere. If we keep the concentration below 450ppm, climate science models predict we have a 50% chance of stabilizing the average global temperature at a 2° C increase. So 450ppm is seen by many as crunch time for the climate crisis and we’re creeping ever closer.
What is ‘Net Zero’?
Net Zero refers to the balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere. We reach Net Zero when the amount we add is no more than the amount taken away.
In 2019, the UK Government amended the Climate Change Act 2008 to introduce a legally enforceable target of net zero greenhouse gas emissions by 2050, so carbon neutrality is now a target enshrined in law.
But how can we achieve this target?
Reducing carbon emissions rapidly and emitting as little as possible on the way to ‘Net Zero’ will help minimise further changes in the climate. According to the UK Government’s Annual Statement of Emissions 2016, business buildings and their use are responsible for 18% of annual energy-related carbon dioxide emissions. Energy generation and supply is responsible for 29% of all UK carbon dioxide emissions.
OakTree Power can help your building reduce CO2 emissions which can’t be accessed anywhere else - and without the need for any capital investment.
Our white paper explains everything…
Download our white paper now to get the full picture. The UK energy sector is decarbonising with renewable technology quickly replacing old-style coal and gas-powered generation. Green Demand Side Response is part of the change that will help us achieve Net Zero and your organisation can be part of that evolution.
Renewable Energy needs some help
Getting to Net Zero by 2050 is going to take some serious effort. Renewable energy remains the cheapest way to decarbonise the power sector, but a lot needs to be built over the next decade. In fact, the UK Government has committed to make a four-fold growth in off-shore wind generation – from 10GW to 40GW – by 2030.
While this is good for the planet, the turbines only generate electricity when the wind blows, so their output fluctuates with the weather. To smooth out this up-and-down nature, Grid Operators turn to Aggregators such as OakTree Power. When the wind dies away, we are asked to reduce electricity demand across many buildings in a controlled and secure manner to keep the nation’s lights on. We are rewarded financially to do so, and we share this payment with each of the buildings’ owners.
You reduce your CO2 emissions, reduce your electricity costs, enable the growth of renewable energy and receive a regular ongoing income – all without the need for capital investment.
Avoiding the use of Diesel Generators for DSR
OakTree Power does not manage a building’s back-up diesel generator as a resource for DSR.
According to a study by the Centre for Cities thinktank, more than one in 19 deaths in Britain’s largest towns and cities are linked to air pollution. So, standby diesel generators, which many buildings have as backup in case of power cuts, can contribute harmful emissions.
OakTree Power provides only Green DSR from adjusting the electricity use in buildings – silently and invisibly in the background in a way that’s positive for the environment.
Often, standby diesel generators are used to provide Demand Side Response but OakTree Power promotes and provides only ‘clean’ DSR solution alternatives.
Your next step to Net Zero
By enabling OakTree Power to, adjust your building’s electricity a small amount for short periods, you reduce your building’s CO2 emissions and provide an important tool, required to enable the growth of renewable generation. So, you help your organisation and the country achieve Net Zero and get rewarded financially to do so.
Helping you meet your Environmental, Social and Governance (ESG) Goals
Environmental, Social and Governance (ESG) issues have increasingly become a priority for stakeholders such as customers, investors and top talent. These stakeholders are urging Directors to think beyond focusing solely on delivering short-term financial performance and instead create long-term value by focusing on the greater good.
Research by consultants McKinsey has revealed that the revenue of firms taking a long-term perspective cumulatively grew on average 47% more than those who did not and with less volatility.
How are these companies achieving this?
By looking at how their businesses can best serve both a social and economic purpose; by doing such things as bettering the communities they work in, creating a diverse workforce, ensuring product safety, employing fair labour practices – and by managing their impact on the environment.
With OakTree Power’s Green DSR solution in action, operating silently and invisibly in the background in your building, the CO2 emissions reductions can be publicised and reported with all your stakeholders, enhancing reputation and helping you win the green war for top talent.
Minimising your environmental impact
By connecting your organisation’s facility, no matter where it is located across the country and allowing OakTree Power to invisibly adjust the electricity your buildings consume by a small amount, you not only receive a regular, new income, you reduce your facility’s carbon emissions and provide an important management tool to enable the growth of renewable generation.
Did you know that DSR can help contribute to an improved BREEAM rating in your building?
The Building research Establishment (BRE) has recently confirmed that the implementation of DSR in a building can improve its BREEAM rating by 2% or alternatively by 20% of the available Exemplary Credits in the scoring methodology.
High performing, sustainable properties are in great demand. Recent research by Knight Frank found that buildings with a BREEAM Outstanding rating can command a premium on rental rates of over 12%*.
OakTree Power provides a ‘clean’ Demand Side Response solution, which when used with your building, not only creates no carbon emissions but more importantly, reduces them. With no up-front or on-going costs, working with OakTree Power can be a simple way to help your organisation meet its ESG ambitions.
Leave a message using the form below and one of the OakTree Team will be in touch to discuss how we can help.
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