Investment in new energy technology could help reduce emissions in Wales by the equivalent of 7 million tonnes of carbon dioxide by 2030 – enough to cover the annual carbon emissions associated with energy use from 148,000 homes between now and 2030 – according to new research from Centrica plc.
Centrica’s ‘Powering Sustainability’ report explores the potential that distributed energy technology such as combined heat and power, solar panels and battery storage could have in reducing the environmental impact of three key sectors for the Welsh economy – industry, healthcare, and hospitality and leisure.
It calculated that if just half of the businesses in these three sectors adopted distributed energy technologies, Wales could reduce emissions by the equivalent of 7 million tonnes of carbon dioxide (7 MtCO2e) by 2030, or 456 ktCO2e a year – equivalent to the annual carbon emissions associated with the energy use of 148,000 homes.
The report supports the Welsh Government’s targets to reduce carbon emissions by 45% of its 1990 baseline (43 MtCO2e) by 2030*.
Alan Barlow, UK and Ireland director at Centrica Business Solutions, said:
“Wales plays an important role in the UK economy, making major contributions to industries like manufacturing and tourism. But, as our report shows, these are energy-intensive sectors so it’s vital for businesses in them to take the lead on carbon reduction.
“The Welsh Government has set out ambitious carbon reduction targets and it’s important that businesses across the country do their part to meet these. Our research shows that distributed energy technology is critical to meeting this challenge. It’s often deployable with limited upfront investment and provides guaranteed emissions reduction while allowing businesses to save on their energy bills.”
The report has been published by Centrica’s international Distributed Energy and Power business, which provides energy insight, asset optimisation and energy solutions to large energy users under the Centrica Business Solutions brand.
To read the report in full click here.