On October 19, the White House announced expansive commitments from corporate America to continue the battle against climate change. This announcement underscores the hope for effective global policy development at the United Nations Climate Convention in Paris, or COP21, at the end of November. The signatories represent 81 companies operating in all 50 states, employing over 9 million people, and generating more than $3 trillion in annual revenue. These companies also span industries, representing a spectrum from heavy industry to high tech, as well as service businesses. An independent consortium of long-term investors has also announced a commitment to invest $1.2 billion in clean energy development.
The growing corporate commitments reflect an understanding of customer demand. Alex Gorsky, chief executive of Johnson & Johnson, explained to the Financial Times, “Just as the opinion of customers, and in our case patients, around the world are more sensitized to this issue … they are demanding more from the companies from which they purchase their products.”
The Role of Buildings
There is an opportunity to focus major efforts for climate change adaptation and mitigation in buildings. From siting renewables and clean energy to major improvements in energy efficiency (EE), better operations and use of commercial and industrial facilities can have a major impact on countries’ greenhouse gas (GHG) emissions profiles. In fact, in preparation for COP21, the UN has prioritized EE as a major mechanism to reach GHG emissions reductions goals: “According to the International Energy Agency, increasing EE accounts globally for 49% of the measures needed to achieve the emission peak and meet the +2 degrees target. EE is also relevant for sustainable economic development and offers multiple benefits including local job creation, increased productivity and competitiveness for companies, reduction of pollution, improvements in health, energy access and energy security. A significant scaling up of global investment in EE is urgently needed.”
Intelligent building solutions could be the cornerstone of EE strategy for tackling climate change. In a recent report, Navigant Research detailed how building energy management systems can provide the analytics and software tools for measuring efficiency improvements, tracking return on investment (ROI), and ensuring ongoing performance. Intelligent lighting and advanced heating, ventilation, and air conditioning (HVAC) solutions can optimize system performance and at the same time improve the occupant experience in buildings while improving EE. The list goes on and on when the benefits of IT-enabled building solutions are considered. These innovations in building technologies hold the promise of EE, cost savings, tenant satisfaction, and even climate resiliency. Navigant Research will be watching the events that unfold at COP21 and tracking developments on even broader commitments to intelligent buildings and EE for tackling climate change.
Tags: Building Innovations, Conferences & Events, Energy Efficiency, Policy & Regulation
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