Did you know that much of the innovation we need to get to net zero already exists? The challenge is how we overcome the blockers and scale those great ideas. And that’s where business has a key role to play.
Start to Scale is an educational series where we explore a key area in sustainability where change is needed – and fast. We look at how to get started, how to find momentum and how others are doing it already.
In this feature, we explore something that individuals, businesses and innovators can all do something about – household energy waste.
Over 80% of UK emissions comes from burning fossil fuels for energy use – almost a fifth (19%) just for running our homes.
The UK Green Building Council (UKGBC) says the UK has “one of the oldest and leakiest housing stocks in western Europe, possibly in the world.” If the UK wants to meet its net zero targets, we need to tackle household energy at speed.
How can you get involved? And how can businesses help? Here are some of the abundant solutions good for both our homes and the planet.
Consumers who are keen to become prosumers (consumers who produce energy), can switch to green energy with the support of startups like Berlin-based, Thermondo. The company pools private investor capital to reduce heat-pump installation costs, so homeowners can lease low-carbon heat pumps to replace inefficient boilers.
Heat pumps can cut the average gas energy use and costs by £234 each year, and with 86% of British homes running on gas boilers, this change would make a significant difference.
Communities can scale renewables and move away from the main grid. E.ON’s Innovation PowerZone project connects neighbourhoods so homes can draw consistent power from local prosumers or the main grid. The community has discounted prices, and the rewards-based PowerZone initiative lets neighbours trade points for products, incentivising sustainable energy.
Business and network operators can help scale consumer efforts and encourage customers to explore flexibility markets for reliable renewable power. With these, operators buy excess power from homeowners and adjust grid energy production to meet demands. Germany’s ENKO digital marketplace, for example, helps the country meet nearly 50% of its energy needs through renewables.
Earth is our home – so while these solutions are just the start, we must remember that decarbonising our homes now could help secure our planet’s security later. Simran Mohnani and Dr Sadia Ahmed of our Deloitte Sustainability & Climate Innovation team contributed to this article.