{"id":19692,"date":"2021-10-22T05:03:00","date_gmt":"2021-10-22T12:03:00","guid":{"rendered":"https:\/\/copperleaf-test.majortom.dev\/national-grid-case-study-driving-sustainability-targets-with-decision-analytics\/"},"modified":"2023-05-05T09:54:44","modified_gmt":"2023-05-05T16:54:44","slug":"national-grid-case-study-driving-sustainability-targets-with-decision-analytics","status":"publish","type":"post","link":"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/national-grid-case-study-driving-sustainability-targets-with-decision-analytics\/","title":{"rendered":"National Grid Case Study: Driving Sustainability Targets with Decision Analytics"},"content":{"rendered":"

For more than two decades, the world has come together each year at the UN Climate Change Conference of the Parties<\/a> (COP) to negotiate a coordinated response to climate change. National Grid<\/a> is a principal partner\u00a0at this year\u2019s COP26<\/a>, taking place in Glasgow in November.<\/p>\n

COP26 and Net Zero<\/strong><\/h5>\n

Since the Paris Agreement was reached at COP21 in 2015, COPs have mainly focused on the details of implementation and ramping up nations’ ambition on climate action. The \u2019Ratchet Mechanism\u2018 is a key component of the 2015 Paris Agreement (COP21), requiring countries to submit increasingly ambitious climate goals every five years. After being delayed for a year due to the pandemic, COP26 will be the first meeting with enhanced commitments\u00a0to turn the tide on climate change\u2014it is considered the most significant event for global climate action in the last six years.<\/p>\n

The four key goals of COP26 are to:<\/p>\n

    \n
  1. Secure global net zero by mid-century and limit global temperature rises to 1.5 degrees<\/li>\n
  2. Adapt to protect communities and natural habitats<\/li>\n
  3. Mobilize finance (at least $100 billion USD in climate finance per year)<\/li>\n
  4. Work together to deliver action to tackle the climate crisis<\/li>\n<\/ol>\n
    The Defining Challenge of this Generation<\/strong><\/h5>\n

    Tackling climate change is the biggest challenge facing our generation. National Grid\u2019s Responsible Business Charter 2020 lays out the company\u2019s commitment to achieving net zero carbon emissions by 2050\u2014not just in delivering energy to millions of homes and businesses in the UK and the northeastern U.S., but also in its own operations.<\/p>\n

    National Grid is playing a vital role in transforming its electricity and natural gas networks with smarter, cleaner and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions. And National Grid Partners<\/a> (NGP) is playing a big part in this.<\/p>\n

    NGP is the leading corporate-backed investment and innovation fund in the utility industry. Its charter is simple:\u00a0get there faster.\u00a0<\/em>Get to decarbonization faster. Create more efficient infrastructures faster. Develop innovative ideas faster\u2014and share them across the industry. NGP is doing so, and successfully, in two areas you should know about: investing in strategic startups and serving as a trusted voice to other energy utilities and new clean-energy investors.<\/p>\n

    In line with these goals, National Grid set its focus on 10 key areas<\/a> in the U.S. to get the organization to net zero by 2050, including:<\/p>\n