Caplor welcomes the news today that the UK is to accelerate it’s legislation on carbon emissions and lead the world in it’s drive towards net zero. Radical new climate change commitments will set the UK on course to cut carbon emissions by 78% by 2035, Boris Johnson will announce this week. The government has accepted the advice of its independent Climate Change Committee (CCC) to adopt the emissions cut, which is based on 1990 levels. The report found that the future cost savings from no longer having to buy oil and gas almost offsets the £50bn-a-year investment needed in low-carbon power, transport and home heating across the next three decades.
The report sets out the following conditions for success:
- To encourage the take-up of clean technology, such as electric cars, heat pumps, hydrogen boilers and carbon capture and storage (CCS) – where emissions are buried underground
- To expand low-carbon energy: wind power, solar power, hydrogen and, probably, nuclear
- To offset emissions that can’t readily be cut by that time, such as from farming and aviation. This would include planting trees and using CCS.
- To reduce demand for activities that increase carbon emissions. This means curbing the projected growth in flying and leaving cars at home wherever possible
The prime minister’s commitments, which will become law, bring forward the current target for reducing carbon emissions by 15 years and for the first time, climate law will be extended to cover international aviation and shipping. This is fantastic news ahead of the COP26 summit in November.
What does this mean for homeowners and businesses?
In 2035, we won’t be buying cars using fossil fuels anymore – all future car production will be focused on electric. This is a development that is happening right now (and very fast too) with more and more electric and hybrid vehicles becoming available and affordable. With that in mind, if you have solar panels, you can use that energy generated to charge your electric vehicles that won’t cost you anything – there’s nothing more satisfying than refuelling your car for free!
And what’s more, if you also have a battery with your solar PV system, you can purchase energy on much cheaper tariffs at off-peak times (often just 4-5p in comparison to the higher typical rates of 15-20p), which means you can store and use that power for your vehicle, home or business use during the day to offset more expensive power. In conjunction with solar, the economics look even better as the solar panels can also charge up the batteries, helping to provide free energy at all times of the day.
Hitting the targets would require more electric cars, low-carbon heating, renewable electricity and, for many, cutting down on meat and dairy. By installing renewable energy solutions such as solar PV, renewable heating, battery storage or solar thermal, it could actually be the best investment they will ever make. With solid payback periods of 5-6 years, ongoing energy security and a potential 40 year lifespan on solar PV systems for example, it increasingly makes economic sense to consider the change. Under current circumstances, it’s clear that not many other investments could demonstrate such good returns. What we are seeing now is that it’s not as hard as you may have thought to contribute towards the country’s sustainability goals and make changes that can reduce your impact on the environment. Making the right decisions can actually be good business. With a maturing market and an increase in power demand across all industries, renewable energy costs are rapidly reducing, and quality equipment is much more widely available at affordable prices. It doesn’t have to cost a fortune to be sustainable, we just need to play our part with a hugely increased sense of urgency.
The team at Caplor Energy are passionate advocates of renewable energy and now have many years’ experience of specialising in the design, installation and maintenance of a wide range of commercial renewable energy systems across England and Wales, helping businesses and homeowners achieve their own environmental goals whilst saving money on energy costs and providing excellent returns on investment.