… emission reductions has also been assessed. The additional measures required to achieve 100% reduction include additional heat pump installations in buildings, installing an additional 2.5 MW wind turbine and 5 MW of solar PV. The net zero strategy is currently economically unviable and does not meet CCC’s hurdle rate of 8% IRR. 2022 2023 2024 2028 2029 2030 20322025 2026 2027 £700k £1.6m 10% CO₂e…
… on existing energy credentials and further developing Cumbria’s green energy infrastructure. Of the six priorities identified by the LEP (ideas, people, infrastructure, business environment, places and green growth), it potentially contributes to all. If CCC were to declare a Climate Emergency, then a net zero target of say 2030 cannot be met under the proposed plan. While the study identifies a route…
… to net zero over a 10 year period this option is currently uneconomic by CCC, on a simple hurdle rate of 8%. Currently a 60% CO₂e reduction is viable as a phase 1 approach to the CCC Carbon management strategy for corporate buildings. Next Steps Next steps include: Further surveys for key buildings and sites and development of building specific reports addressing priority measures identified within…
… and action. Propose a target and pathway to achieve net zero carbon in Cumbria. The Carbon Baseline Study is now complete and has recommended an ambitious but achievable target of 2037 to reach a net zero carbon position for Cumbria. The report states that achieving Net Zero Carbon by 2037 is the most feasible target and one that works within the requirements laid down by the Intergovernmental Panel…
… and offices • 2.5MW wind turbine • 1.5MW solar PV CO₂e savings 60% • Does not reach net zero CO₂e • Significant cost savings • Significant revenue generation opportunity • High cost savings • Meets CCC hurdle rate • High social IRR • Medium CAPEX requirements Cost savings £10,609,757 Revenue generation £10,479,133 IRR 9% Social IRR 14% CAPEX £10,491,062 2b) 100% CO₂e reduction • Install LEDs in all…