Your essential guide to net zero funding
What does net zero mean for businesses?
The UK has committed to becoming carbon neutral by 2050. This will mean changing the way we heat our buildings and power industry, and will demand significant investment across energy and transport infrastructures.
We will need to make fundamental changes across the public and private sectors if we hope to meet these ambitious decarbonisation commitments.
For many organisations, investment in decarbonisation has already begun. After all, a more sustainable approach to operations makes good commercial sense. For others, finding funding for renewable energy projects is proving more difficult.
There were numerous events that affected the energy landscape in late 2021 and across 2022, such as the impact of the Russian invasion of Ukraine, the gas crisis in Europe, and the ongoing consequences of Covid-19. These have put budgets under stress, making economic recovery a top priority.
Read more on the events of 2022, and see how much we managed to predict.
Read our blog to find out more on what drives our energy prices.
What help is available on your journey to net zero?
Here, we will take a look at the renewable funding opportunities and green energy grants available to businesses that want to lower greenhouse gas (GHG) emissions and take their next steps towards a carbon neutral future.
The need to decarbonise is increasing due to direct consumer pressure, supply chain issues and climate change, so we will also explore how organisations from different sectors are responding and why sustainability is good for business.
The green energy grants available now
The UK government has made almost £5 billion of funding available to help UK businesses decarbonise their premises. Each clean energy grant will be available for different periods of time and will be awarded to businesses investing in green technologies to increase energy efficiency or reduce carbon emissions. A full list of past, present and forthcoming funding opportunities is available on gov.uk.
Finding the right net zero funding opportunities for your business
Deciding how best to fund your green energy project can be difficult. If self-funding is an option, the first step forward will be building a business case and getting everyone on board. If no CAPEX is available, sharing the financial burden with a trusted partner may provide a more practical path. Either way, the availability of green energy grants should always be carefully researched at the offset, and there is support available to help you do that. Below are some resources which will help businesses of different sizes find the support they need.
Three key green infrastructure funding issues affecting UK businesses
If securing funding for your on-site renewable energy or decarbonisation project is proving difficult, you are not alone. In fact, with so much pressure from policy makers for businesses to act now, the question of who should fund these projects can sometimes be contentious.
Here are three of the key funding issues affecting UK businesses today:
As part of the E.ON Group, we offer access to a wider portfolio of energy management and emissions-reducing products and solutions, which will allow you to cut costs and future-proof your business as the UK moves towards net zero