What net zero carbon emissions in 2050 means for Business

What net zero carbon emissions in 2050 means for Business

The Prime Minister’s announcement to set a legal target for the UK to reach net zero carbon emissions by 2050 drew widespread praise. But what does this mean for business?

The environment has been high on the agenda for a while now, and whereas previous Prime Ministers dismissed proscriptive regulations as ‘green crap’, the tide has definitively turned.

With such an ambitious target, the government will only achieve net zero carbon emissions through a mixture of innovation, energy efficiency, changes in consumer’s habits and regulation. And it’s the last point that impacts businesses.

In 2015 the UK government introduced the Energy Savings Opportunities Scheme, whereby large companies must report on their energy use. An ESOS Lead Assessor carried out the report which contained recommendations for companies to implement and reduce their energy cost (although companies are not obliged to follow the recommendations).

The deadline for ESOS Phase 2 is 5th December 2019 and forms a crucial part of the government’s drive to tackle carbon emissions, yet many businesses are woefully unprepared.

Reacting to Theresa May’s new carbon commitment, Emma Howard Boyd, the Chair of the Environment Agency, commented: “We know that investing in zero carbon solutions is good for growth - boosting jobs and the economy - and it is cheaper for business, organisations and government to tackle climate change now than to manage its impacts in the future.”

The Environment Agency enforce ESOS and have indicated that there will be no leniency with the deadline for companies to submit their reports – and the ‘doubling down’ on the UK government’s carbon policy will ensure that companies are following the necessary rules.

Elmhurst Energy Consultancy have worked with many businesses to ensure that they are compliant with ESOS before the deadline while identifying practical cost saving measures. For further information about how our ESOS Lead Assessors can help your organisation to achieve compliance and start to create cost savings, please email the team or call the team on 01455 883 259.

Article published 20th June 2019

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