Innovations in Comfort, Efficiency, and Safety Solutions.
Buildings Will Catalyze Decarbonization
Intelligent building solutions offer tangible, universal economic benefits that can be a vital catalyst for decarbonization.
Navigant Research, A Guidehouse Company
On November 5, 2019, 11,258 scientists from 153 countries signed a Warning of a Climate Emergency in Oxford Academic’s journal, BioScience. Citing their “moral obligation,” the authors explained critical actions to set a new course on climate change. An enormous opportunity for the built environment underlies their message: “The world must quickly implement massive energy efficiency and conservation practices and must replace fossil fuels with low carbon renewables and other cleaner sources of energy if safe for people and the environment.”
While the research on climate change is
ubiquitous, regulations and market transition are not. National and
regional climate policy is defined in some geographies; however, the
topic is politicized, and action is fragmented in the US. Urgency
dictates a different story be told for immediate action. Intelligent
building solutions offer tangible, universal economic benefits that can
be a vital catalyst for decarbonization.
Navigant, a Guidehouse company, has articulated
a vision for Building-to-Grid (B2G) as the construct for
creating high value buildings in a low carbon future. The economics of
building ownership will change, and data will be a rich layer of value
generated from investment in digital technologies. New synergies will
emerge between utilities, technology, service providers, and building
owners as traditional market roles give way to a more fluid competitive
ecosystem. The intelligent buildings market is the foundation for this
transformation. The use cases for these digital technologies and the
impacts of their deployment will create the dynamic, automated, and
energy optimized facilities of the B2G vision to life.
Building owners can reduce energy and operating
costs while optimizing the experience in commercial buildings. Layering
automation and controls with data-enabled smart solutions gives owners,
operators, and other stakeholders cohesive insights into the effects of
building use. A continuous process of investment in high efficiency
equipment and technology innovation, such as HVAC upgrades and
connected sensors and analytics, creates more valuable spaces. The returns are best measured with a
strategic business lens that quantifies the hard numbers around energy
cost savings, operational efficiencies, and sustainability or carbon
reduction targets, as well as qualitative metrics around brand,
satisfaction, and productivity. Technology, service, and energy
providers are offering solutions that prepare facilities to be
flexible, value-generating B2G resources. The suppliers or partners
that support customers through this ongoing process of improvement will
also benefit from competitive advantage as customers look for turnkey
support throughout the journey.
Are you ready to a part of the low carbon future? The opportunity cost of inaction is huge. Industry incumbents across the energy and building technology sectors that fail to innovate will lose out to new competition from adjacent markets, creative strategic partnerships, and flexible peers. The Paris Agreement target of 1.5°C will be missed and energy resiliency initiatives will become even more complex to deploy. Market leaders will emerge by focusing on change management to ensure that digital technologies become embedded in their business.
Join us on February 3, at the AHR Expo 2020 for our session, Building for a Climate Emergency, to share your thoughts on the opportunity for innovations in our built environment to tackle the climate emergency.
About the Author
Talon is a research director with Navigant Research, leading the
building innovations program with specific focus on the smart buildings
market. Casey has a background in economics, environmental science, and
policy and deep experience as an analyst and consultant. Casey has
provided consulting services for executive decision-makers on the
business challenges related to climate change and sustainability, as
well as the opportunities for investment in energy efficiency and smart
buildings. Ms. Talon holds a Master of Public Administration degree
from Columbia University’s School of International and Public Affairs
and a BA in Economics from the University of Wisconsin at Madison.
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