Globe Background

Head of Risk and Trading for EMEA shares the significant changes that have occurred recently due to Covid-19

Rolf-Helge Sørensen, Head of Risk and Trading EMEA, discloses what energy related challenges businesses are facing today due to Covid-19 and how World Kinect Energy Services is using its experience and expertise to guide customers during these challenging times.

Lowering energy consumption lowers your carbon footprint

Energy efficiency is the single most cost-effective way of reducing your organization’s carbon footprint. Once a company has reduced its consumption as far as is reasonably practicable, additional mitigation strategies can be applied to what remains.

When fossil fuels combust, they emit CO2 to the atmosphere directly at the point of consumption – often referred to as Scope 1 emissions.

When electricity is consumed there are no emissions at the point of consumption. The CO2 emissions associated with generating that electricity take place elsewhere – often referred to as Scope 2 emissions. 

Whilst many countries are actively working to decarbonise their electricity generation and renewables are much more prominent in the generation mix, electricity production in most countries remains heavily dependent upon fossil fuels.

Reduced consumption of energy also equates directly to reduced cost – fewer kWh means lower costs. Energy efficiency is one of the most cost-effective ways of lowering energy expenditure.

Energy efficiency is seen by both governments and NGOs around the world as critical to hitting net zero targets and by extension, impacts every energy consuming entity on the planet. Whilst in some geographies assessing scope for energy efficiency improvements is a voluntary activity, in many parts of the world, it is seen as so integral to decarbonization, it is now mandated by legislation in medium and large organizations. Regardless of governmental requirements, improving energy efficiency should be the foundation for any company wishing to simultaneously lower carbon emissions, reduce bottom-line costs and further environmental, social, and corporate governance.

Whilst the journey to net-zero or absolute zero can include many stopping points along the route, by way of new technologies or carbon mitigation strategies, the first stop should always be improving energy efficiency. After all, once implemented efficiency measures continue to reduce energy expenditure and emissions in perpetuity – in essence, do it once and continue to reap the benefit year after year.

 

 

Lowering energy consumption lowers your carbon footprint

We help our customers identify ways to save money and lower emissions by using energy more efficiently, frequently with little or no investment.

Energy efficiency does not have to mean installing new equipment and should instead be seen as a simple way to get maximum efficiency from the equipment you already have through maximizing control. 

Together, we’ll bust the myth that increasing energy efficiency requires investment in new hardware. 

We understand that most organization can’t call upon their own in-house specialists, so we provide a total energy management solution by mobilizing our trusted advisory team to support you.

 

Consider the following:

•    Why buy a kilowatt hour you do not need to use?
•    Why replace a ‘dirty’ or ‘brown’ kilowatt hour with a clean one you did not need in the first place?
•    Why offset a kilowatt hour you did not need to use to start with?