Imagine, at the point of investment, that an investor could mandate the data-flows to demonstrate net-zero at the points of design, construction, operation and decommissioning in a manner that they could apply incentives to hold each stage to account on provable net-zero delivery.
“In 2010, Ofwat, the water regulator, estimated that the water sector in England and Wales contributed to around 0.7% of the UK’s greenhouse gas emissions. This is a result of the energy and chemical intensity of the industry within its operations and processes, including water and wastewater treatment, pumping, and transfers. With the industry privatised, Ofwat regulates pricing, performance, and capital investment through 5-year Asset Management Plans. Water utilities are only permitted to make capital investments and upgrades agreed through this Asset Management Plan process, and these typically extend to 5% of the underlying asset base….water utilities are currently limited in the practical actions they can take to decarboniseZEROING IN: INVESTING TO DECARBONISE OPERATIONAL INFRASTRUCTURE
Developing standards-based marketplaces for federated data-sharing
Addressing the climate crisis requires us to combine data-driven innovation across domains of science, policy, finance and engineering: to optimise physical infrastructures we need robust data infrastructures to fuel insight, analysis, reporting and to apply governance to hold ourselves to account on our net-zero targets and data-sharing best-practice.
Given that large-scale infrastructure and financial projects last years (or decades) now is the time to enable the instrumentation of data-flows throughout project lifecycles.
At the same time, the data-flows will be coming not just from reporting frameworks such as TCFD, but on an ongoing, continuous basis from systems, sensors and satellites.
The users of the information are manifold: from policy to regulation, research communities to a wide range of businesses, communities and individuals.
If you feel like you are in, or would like to be part of, these evolving communities of practice and would like to stay informed or get involved, please sign up today.