From the 7th – 8th June 2022, The Decarbonisation Summit will be taking place in Manchester’s own Science and Industry Museum. The event will focus on the importance of net zero living, and how we can prepare businesses for this drastic change.
From the 7th – 8th June 2022, The Decarbonisation Summit will betaking place in Manchester’s own Science and Industry Museum. The event will focus on the importance of net zero living, and how we can prepare businesses for this drastic change.
The yearly event is a great undertaking in challenging the UK on how to be progressing net zero living and challenging businesses that mindsets may be against converting.
This responsibility will be achieved through panels focusing on topics such as Green Investments in Sustainable Cities, including insight from panellists such as Carla Detrieux- Director of Business Development at Volta Trucks- and Tunde Olaoye- Sector Director of Smart Energy Systems at SSE Energy Solutions.
Other panels included are The Power of Retrofitting, EV UK and Maximising Renewable Technology at a Local Level, amongst others.
SSE, the official partner of the Summit and the UK and Ireland’s clean energy advocate, is already ramping up investment by commissioning more offshore wind capacity. The company, who holds the world’s largest wind farm- at Dogger Bank- have plans to also upgrade the three electrical networks, which they own and operate within the UK.
Alongside promoting their positive impact within the movement, SSE are also promoting collaboration. The company believes by working together, business, and local authorities will meet the goal of decarbonisation whilst contributing to national targets.
Decarbonisation targets are a whole-system approach and SSE explain that it is not enough to look at heating, transport and generating power in isolation- what is needed are events like the Summit, that allow individuals of all backgrounds- CEO’s, graduates, climate activists- the opportunity to talk about what is next.
SSE believe moving essentials such as heating from gas to electric is the first step but furthering our understanding of what comes after that change is as important.
The University of Manchester, in a recent publication, has updated its policy and stance on responsible investment and has confirmed that it has ended investments in companies dealing in coal, oil and gas in a response to the climate crisis.
The policy states:
“Almost complete (99%) disinvestment in fossil fuel extraction companies, and 30%reduction in weighted average carbon intensity (amount of electricity produced per KW hour of electricity consumed) in the public equity allocation in the investment portfolio by 2022.
Reduction in weighted average carbon intensity of the remainder of the public equity allocation in the investment portfolio to a net zero target by 2038 or earlier.”
The positive effect of these recent changes will be seen in the near future and compliment the workings of The Decarbonisation Summit. With the University cutting ties with industry leaders dealing in coal, oil and gas.
For investors, these changes won’t affect business in the property market. However, it provides investors with the chance to look forward into upcoming properties and realise the potential of investing into green-living properties that will stand the test of time. This will also benefit the investor by allowing them to market their properties as future-proof and environmentally friendly.