BT commits to becoming net-zero-carbon by 2045
The British telecommunications, BT, has pledge to become a net-zero-carbon business by 2045.
The firm has set the goal of releasing net-zero emissions within 27 years in line with the UK government’s decision to potentially release net-zero emissions strategy.
“The recent IPCC report showed the urgency of the task we all face to tackle climate change in time. We think the Government is right to target a zero-carbon future,” stated Gavin Patterson, CEO of BT Group.
“BT is determined to play its part and we encourage other businesses to do the same.”
The set the target to reduce its emissions by 87% by 2030 against a 2016/17 baseline in Septmber last year.
The goal aimed to conform to the Paris Climate Agreement, and was approved by the Science-Based Target Initiative.
The new pledge was deemed by the Chair of the Committee on Climate Change, Lord Deben, as “a very fitting way of celebrating the 10th anniversary of the Climate Change Act.”
“I very much hope that other great companies will follow this lead.”
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.