Wednesday 16 December 2020
‘Governments and regulators will play a key role in enabling the transition to cleaner fuels’
Speaking to future Net Zero about how the global economy can reach a stage of being fully decarbonised, he noted that the simplest pathway to emissions reductions in the long term for many organisations is switching from fossil fuels to alternative, cleaner fuels such as hydrogen.
He acknowledged that while many such technologies are not yet commercially viable, such as the fact natural gas remains cheaper than hydrogen, markets are quickly evolving and demand for more sustainable alternatives is increasing at pace, driven largely by the "explosive growth" of renewable generation such as solar and wind in the last decade.
He said: "Today, technologies like solar, onsite generation, battery storage and energy optimisation exist, and they can get our customers started towards a low carbon future, but to secure any business journey to full decarbonisation to net zero, we will need technology and innovation that are both commercially and environmentally sustainable.
"Centrica Business Solutions is working to meet these challenges, so we are continuing to investigate, evaluate and invest in developing technologies and combining this with our energy pathway methodology to help large and small organisations be future-proof in terms of their energy needs."
