Commercial, GHG Emissions - November 2, 2021
Trane Technologies Commits to 2050 Net Zero
Trane Technologies announced Nov. 1 that it is committed to achieving net-zero emissions by 2050 and plans to use the COP26 conference as an opportunity to advocate for the adoption of policies to decarbonize buildings, homes and refrigerated transportation.
The climate product and HVAC manufacturer previously set targets to cut product emissions by 50% by 2030, which would reduce carbon emissions associated with the use of its products by customers by one gigaton by the year 2030. This target coincides with a goal to reach carbon neutral operations in that same year.
“The technology exists right now to significantly increase energy efficiency and reduce carbon emissions from buildings and transportation,” CEO Dave Regnery said in a statement “In order to prevent global temperature rise we must continue to consider a systems-level approach, increase the adoption and scale of existing technologies and continue to innovate for a global net-zero future. Our commitment to reach net-zero emissions reinforces our belief that as we challenge what’s possible for our industry, we can change the world.”
Trane Technologies is specifically calling on governments and businesses to prioritize the following:
- The expansion and scaling up of energy efficient technology and innovation by upgrading existing buildings, accelerating uptake of heat pumps and integrating buildings with power grids.
- Policy and regulations that support system-level and building-level efficiency and performance, developed by key industry stakeholders and at all levels of government.
- Collaboration across industry and private sectors to build partnerships that accelerate innovation and solve key challenges to systems decarbonization.
CEO Dave Regnery will speak at two COP26 events, the World Climate Summit and the Sustainable Innovation Forum, in support of these action points.