3. Southern Water & Climate Change
- context
3
We are a regulated utility that provides essential services which are sensitive
to climate and weather
We have a long history of planning on delivering water supplies in a
changing environment which includes climate change scenarios (Adaptation)
We have reduced our footprint by investing in renewable energy and
addressing efficiencies (Mitigation)
We have been recording our operational emissions since 2008 and have a
good understanding of our footprint
However we need to do more in this Climate Emergency…..
4. How we account for carbon
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Activity (e.g electricity use) * emission factor (e.g. 0.23 kg CO2e per kWh)
= carbon emissions
CO2 equivalent: Different greenhouse gases trap different amounts of heat in
the atmosphere, a quantity known as the global warming potential. Carbon
dioxide equivalent is a way of comparing emissions from all greenhouse gases,
not just carbon dioxide.
Methane is 25 x more potent than CO2
Nitrous oxide is 300 x more potent than CO2
7. Target Net Zero Carbon by 2030
7
We have pledged to meet net zero carbon emissions by 2030 as a sector
The sector is collaborating and sharing skills and knowledge in order to
develop a route map this year
We will plan our pathway to net zero
8. Net Zero Carbon
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‘Net zero emissions are achieved when anthropogenic
emissions of greenhouse gases to the atmosphere are
balanced by anthropogenic removals over a specified
period.’ (Intergovernmental Panel on Climate Change,
IPCC)
9. Residual emissions: Our interest in carbon
sequestration & offsetting…
9
Residual
emissions will
require offsetting
11. Offsetting
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Additionality Perpetuity Verification Maintenance
Projects can include:
• Avoided emissions (renewable energy, energy efficiency)
• Sequestration (planting trees, other biosequestration, reducing
deforestation, land use change, physical capture of carbon)
12. Insetting
12
Reduction occurs within boundary or sphere of influence such as
supply chain
Possibility of obtaining credit earlier?
Ensures more reliable, long term control
Requires effort and development and maintenance
Needs to stand up to scrutiny and verification and be able to be
included in footprinting
Collaborative – who owns reduction?
13. Summary
13
Offsetting/Insetting have a role to play to address residual emissions but is
the bottom of the net zero hierarchy
Some carbon reduction accredited initiatives do not allow offsetting within
the reduction plan
We would look to offset towards the end of the decade (2030)
We hope to see innovative ways of offsetting/insetting for local initiatives
such as blue carbon
Additionality - the project needs to be additional to what would happen anyway
Perpetuity - the future of the newly created offset needs to be assured
Verification - the project independently audited according to an internationally compliant standard)
Maintenance - The interventions and management that are required over the years of operation of each GHG removal measure need to be understood in order to maintain its effectiveness over time
Note that the setting of a Science Based Target (SBTi) does not allow for offsetting to be included in the Emission Reduction Plan. This is because companies are required to set targets based on direct action However offsetting is not discouraged outside of the reduction target.