Johnson Controls (NYSE: JCI) in August announced its collaboration with 3Degrees, a firm that helps organizations around the world achieve renewable energy and decarbonization goals.
JCI in a press statement noted how the latest climate report released by IPCC shows a rapidly closing window to avoid irreversible adverse climate change and reach net zero by 2050. Scientists are calling for an immediate decrease in greenhouse emissions after findings showed carbon levels continuing to increase.
The United Nations' Paris Agreement target to achieve net zero greenhouse gas emissions by 2050 is fast approaching, causing governments, businesses, and organizations around the world to rearchitect regulations and hold themselves accountable. JCI says its collaboration with 3Degrees will support global customers' urgency to meet these environmental targets.
The new collaboration aims to accelerate building owners' and operators' progress toward net zero by leveraging 3Degrees' large-scale environmental commodity solutions, including Renewable Energy Certificate (REC) transactions, long-term renewable energy procurement, carbon credit portfolio management, transportation decarbonization and climate advisory services.
These energy supply services can now be delivered as part of the comprehensive Johnson Controls OpenBlue Net Zero Buildings offering, or as a stand-alone service. The OpenBlue Net Zero Buildings platform designs, digitizes, and deploys net zero solutions at any stage.
JCI notes that steps of the platform range from goal setting and facility-wide digitalization, to distributed energy strategies and renewable energy supply services. The platform is also available as a performance-based service where customers pay for the outcome with a fixed monthly fee to lower their inherent risk and avoid capital investments.
QUOTES
"The need for global net zero solutions has never been greater, and global organizations are turning to Johnson Controls to help them achieve their goals. This collaboration with 3Degrees provides customers with market-sourced renewable energy supply services, which, together with energy efficiency, is one of the most effective paths for customers to address operational carbon emissions and achieve net zero." -- Dan Svejnar, vice president, Renewable Services, Sustainable Infrastructure, Johnson Controls
"The challenge is clear—building emissions currently account for nearly 40% of total global emissions. It's through partnership, innovation, and steadfast commitment that we drive meaningful decarbonization. This partnership offers customers end-to-end climate solutions to accelerate our collective progress to net zero emissions." -- Scott Martin, vice president and head of global commercial business at 3Degrees
