The case for change
I believe we need to work together with the UK Government to incorporate the variability of electricity emissions factors into reporting, through incorporation into mandated annual emissions reporting. This will incentivise and allow our companies and developers to focus innovation and investment on managing demand smartly to reduce real GHG emissions and support further renewables integration, enabling our net zero transition.
This can then be incorporated into the way that all organisations report on their emissions through amendments to the GHG Protocol and feed into city strategies.
In buildings and property, changes can be made to building regulations, probably in updates to the Future Homes Standard in 2025 and the Standard Assessment Procedure (SAP). This will reward developments that incorporate features like batteries to support end users being more flexible with energy demand.
As we move to ever more and ever cheaper renewable energy the “when” of energy becomes the most important issue on the transition to net zero.
If we are unable to switch to the reporting of real-time emissions, our transition to a net zero carbon economy will be slowed, investment misaligned, and organisations exposed when our reporting methods are changed. Once we get this switch right, we have the chance to unleash innovation, and power enormous opportunities that will help us move quickly and more cost-effectively towards net zero.