29 September 2023

As the world grapples with the urgent need to combat climate change, the UK has set an ambitious goal to achieve Net Zero carbon emissions by 2050. In a bid to understand the readiness of UK businesses for this colossal undertaking, Critical Power Supplies (CPS) has unveiled a groundbreaking survey. This initiative aims to gauge how well businesses are equipped to align with the government's Net Zero targets while ensuring they have robust energy plans for the future.

Setting the stage for Net Zero 2050

The Net Zero 2050 commitment represents one of the most ambitious climate targets ever set by a nation. It requires a dramatic reduction in carbon emissions, ultimately bringing them to zero. To succeed in this monumental endeavour, the UK needs an unprecedented level of cooperation and transformation across businesses and industries. According to research by EY in 2023, a striking 80% of UK-listed firms have committed to achieving Net Zero by 2050. However, a staggering 95% of these companies have not publicly disclosed detailed actionable transition plans.

The urgency to act is further compounded by the increasing frequency and severity of extreme weather events and rising global temperatures. As climate change accelerates, businesses are under mounting pressure to both adapt to energy supply disruptions and transition to more sustainable energy sources.

CPS's vital survey

Critical Power Supplies is taking a proactive stance in addressing these challenges. Their survey aims to provide insights into various aspects of business preparedness for Net Zero 2050:

1. Net Zero 2050 plans: The survey will assess whether organizations have a Net Zero 2050 plan in place.
2. Energy alignment: It will explore how businesses are aligning their energy consumption with Net Zero targets.
3. Government incentives: CPS will enquire whether businesses are aware of government incentives and grants available to support their sustainability efforts.
4. Energy resilience: The survey will investigate how prepared businesses are to handle potential energy supply disruptions and shortages.
5. Transition to renewable energy: It will delve into the challenges organisations face in transitioning to renewable energy sources.
6. Technology's role: Lastly, the survey will explore the role of technology in the efficiency and reliability of backup power solutions.

"Net Zero 2050 is the biggest challenge facing humanity. Success in this endeavour is crucial for safeguarding the planet for future generations. It depends on governments and industries working together to transition to a zero-carbon economy now. With climate change expected to worsen, it's also vital that organisations have a sufficient energy resilience strategy in place to shield their Net Zero plans and ensure business continuity, as the grid comes under more strain. As an industry, we need to understand the expectations, needs, and challenges of businesses in these areas,” said Jason Koffler, CEO of CPS.

Participate in the Survey

The CPS Net Zero 2050 survey is open for participation until the 23rd of October. Respondents will receive a free copy of the comprehensive report featuring the survey results in November. To contribute your insights and have your voice heard in shaping a sustainable future, visit https://critpwr.co/NetZero