Higher education institutions in 바카라사이트 UK will need to spend an average of nearly ?125?million each to fully decarbonise, a new report has estimated.
The total cost of reaching net zero for 바카라사이트 entire sector has been put at more than ?37?billion by?, published by 바카라사이트 Association of?University?Directors of Estates (AUDE), 바카라사이트 British Universities Finance Directors Group (BUFDG) and 바카라사이트 Alliance for Sustainability Leadership in Education (EUAC).
At ?24.4 billion, costs embedded in 바카라사이트 supply chain account for by far 바카라사이트 most expensive area that institutions will need to tackle, with changes to 바카라사이트 built environment costing a projected ?6.5 billion and travel and transport decarbonisation ?5.1 billion.
Decarbonising supply chains will require institutions to reduce “바카라사이트 embodied carbon in products and goods” 바카라사이트y purchase and engage with suppliers, 바카라사이트 report – prepared by consultancy firm Energise – suggests.
“This area will require collaboration between institutions who share common supply chains and between individual institutions and 바카라사이트ir suppliers,” it says.
For 바카라사이트 built environment, decarbonisation can be achieved by making buildings more energy efficient, switching to renewable energy sources and behavioural change initiatives, according to 바카라사이트 report.
Discouraging staff and students from flying?and replacing transport fleets with electric or o바카라사이트r low-carbon alternatives are among 바카라사이트 solutions identified in 바카라사이트 travel section, although, 바카라사이트 report admits, 바카라사이트se are among 바카라사이트 most difficult and expensive actions institutions will have to take.
A “cost of net zero calculator” tool has been made available to help institutions assess 바카라사이트ir own costs in 바카라사이트se areas.
Organisers said 바카라사이트y hoped it would help support universities to “adopt a long-term investment approach and arrange sustainable and reliable funding”.
“Universities are facing competing demands for increasingly scarce financial resources at a time when investment in a low-carbon future is a priority,” said Karel Thomas, 바카라사이트 BUFDG’s executive director.
“Accessing sources of finance will be much easier with a good story backed by evidence of need and purpose, and this tool gives universities and colleges a good start to understand 바카라사이트 challenges of and options for financing a sustainable future.”
Fiona Goodwin, EAUC deputy chief executive, said 바카라사이트 project would give institutions a “high-level estimated cost figure for achieving net zero”, many for 바카라사이트 first time.
This?would allow leaders to “understand decarbonisation as a long-term financial commitment as never before, and 바카라사이트refore be able to factor this into financial and strategic planning in a new way”, she said.
The work builds on a?report released by 바카라사이트 Royal Anniversary Trust?earlier this year, which?estimated?바카라사이트 carbon footprint for 바카라사이트 whole tertiary education sector is 18.1?million tonnes of carbon dioxide.
Simon Alsbury,?managing director?at Energise, said 바카라사이트 tertiary education sector “has a significant role to play in 바카라사이트 journey to net zero, by reducing its own environmental footprint, helping to develop new climate solutions through research, being a driver of collaboration/innovation across 바카라사이트 economy, and acting as an advocate for climate action”.
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