July 25, 2016: In order to overcome the climate change challenge, majority of the companies today are plunging into net-zero carbon mode as it aids in providing an ultimate solution towards green and clean environment, according to Harry Verhaar, Head of Global Public & Government Affairs, Philips Lighting, who spoke at a Climate TV interview during the Business & Climate Summit that took place in London in June 2015 by The Climate Group.
Smart LED lighting helps in achieving the goal
Verhaar said that the idea of circular economy, where the industry plans how to avoid the production of carbon emission waste ahead of its cycle, helps in pushing technologies while accelerating innovation at the same time. In addition, circular economy motivates formulation of policies that permit closing of the loop and systematizing societies on the basis services.
The concept of circular economy also helps to motivate financing since in the end it incentivizes the recent high-tech technology. All these help to increase savings so that the front investment can be managed in a proper manner. However, there is a universal incentive for the most economical solutions, which is LED lighting, which is ideal for the customers and companies alike, added Verhaar.
LED technology is established, simple to execute and is already bringing chief savings for people across the globe. If all outdoor lighting for cities gets converted to LEDs, then it will prevent 109 million tons of CO2 from entering the environment and $23 billion on a global basis by 2030, according to a projection by Philips.
Nonetheless, the solution is more extensive than just technology, and is actually captured by the circular economy, said Verhaar. Philips provides lighting by not selling the hardware but leasing lighting as a service. The company just provides a certain amount of light over a certain amount of time so that the needs of the customers are met in the most energy-efficient manner possible, added Verhaar.
Philips aims to attain carbon neutrality
As an essential step of The Climate Group’s RE100 movement, a combined initiative of significant businesses dedicated to reach 100% renewable power, Philips has also established its goal to attain carbon neutrality in its operations by 2020. Philips is one of leading groups of stakeholders that are part of the Global Lighting Challenge. Up until now, the company has pledged 6 billion LED lighting products and deployed over 100 million LED bulbs on a global basis.
The company is also actively engaged in the Climate Group’s global movement, which is LED = Lower Emissions Delivered, aiming to support cities and local governments to welcome the carbon and cost advantages of switching to LED. LED solution has emerged as an efficient technology and is extremely smart enough to render benefits beyond lighting, which include more productive workplaces, safer cities and more relaxing homes, added Verhaar.\
Source: The Climate Group