Adam Savitz, Sustainability Director EMEALA at Johnson Controls, comments on a recent announcement by the Mayor of London that the capital will need £75bn of private sector investment to meet net zero goal.
Sadiq Khan said London needed to go “much further, much faster” to meet its net-zero goal. But as businesses across the UK and Europe battle to keep the lights on amid gas shortages and surging bills this winter, they face a raft of challenges to navigate.
While geopolitical issues may have brewed the perfect storm for to weather, a silver lining could still emerge; one which pulls net-zero plans sharply into focus. Much like how the pandemic spurred change to everyday life virtually overnight, these geopolitical issues may help us refocus and reset, and actually mark a turning point in the race to Net Zero.
As ever, success hinges on collaboration, with buildings and energy efficiency leaders working to support changes at the speed and scale needed.
As a priority, businesses need to identify and implement energy efficiency measures, move away from gas through innovative electrification solutions and reduce dependency on the grid. through onsite renewables. There has never been a better time to show the return on investment on efforts required to get to Net Zero.
We must accelerate action!