Insulation gives rapid payback
- Mitigation ,
UK businesses could save £370 million a year through cost-effective investment in industrial insulation, with a payback period of less than a year, according to the European Industrial Insulation Foundation (EiiF).
The UK statistics are contained in one of seven factsheets produced by the EiiF to demonstrate the annual energy savings and emission reduction potential of insulation in seven EU member states. They also reveal the initial investment required to achieve these savings, as well as the financial savings and likely payback times.
For the UK, the total potential energy savings – in petajoules (PJ) – amount to about 65 PJ, while the carbon savings are around 4.7 million tonnes of CO2 a year. This translates into 46 PJ and 3.2MtCO2 in industry, and 19 PJ and 1.5Mt O2 in fossil fuel-fired power generation, and is equivalent to more than the energy consumption of 900,000 households.
The UK factsheet notes that insulating bare surfaces to cost-effective levels and repairing damaged insulation at industrial sites requires initial investment of about £80 million. This one-off investment would represent energy savings of about 75% of the potential, which would save industry £370 million a year.
Germany has the highest predicted savings for industry (€750 million a year), and Sweden the lowest (€150 million). Figures for France and Spain are slightly below the UK’s (€420 million and €400 million respectively), while Italy can expect €500 million and Poland €200 million. All payback times are less than a year.
The latest factsheets use the same methodology as a 2012 report from Ecofys – which estimated annual potential savings for the whole of the EU at 620 PJ and 49MtCO2 – but some input data, such as energy prices, have been altered to reflect recent developments.
Demand for fossil fuels will peak by 2025 if all national net-zero pledges are implemented in full and on time, the International Energy Agency (IEA) has forecast.
The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.
COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.
Half of the world's 40 largest listed oil and gas companies will have to slash their production by at least 50% by the 2030s to align with the goals of the Paris Agreement, new analysis has found.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.