Talanza Energy Consulting

septiembre, 2022

Green economy and sustainable infrastructure

Addressing climate change and environmental issues requires significant investment, estimated at up to US $275 trillion, to reach zero net greenhouse gas emissions by 20501. The so-called «green economy» is responding to the need for investment and is evolving rapidly, with annual growth rates of 14% over the past 12 years and a capitalization of over $7 billion, as well as a share of 7.1%2 of the international financial market through different equity funds.

The green economy is the fifth largest industry, comparable to the global fossil fuel sector. Internationally, Environmental, Social, and Governance (ESG) criteria connect this growing demand, with measurements reported through company sustainability reports under different methodologies. In this last sense, the energy sector and other industries are improving their ESG performance to ensure the sustainability of their business. In this one-pager, we present the importance of the energy sector in improving its ESG performance through sustainable infrastructure projects.

How to achieve sustainable infrastructure?

Based on robust and proven international assessment methodologies such as ENVISION, it is possible to integrate a strategy, develop plans, and comprehensive sustainability reviews of infrastructure projects for different sectors and industries such as energy, water, waste, transportation, and telecommunications, among others. More than 125 certified infrastructure projects used this methodology from 2013 to date. The development of these practices have involved 250 organizations and have required around US $106 billion in financial resources.

What kind of projects can we evaluate?

There is a wide variety of projects that can be considered sustainable in the energy sector, such as:

Ensure sustainability for infrastructure projects and improve the social license profile of developers by benefiting the communities in the direct and indirect area of influence and their environment. These benefits are the following:

What are the milestones of the standard evaluation process?

ENVISION has a comprehensive approach to evaluating an infrastructure project that is applied at the diagnostic and design stage or any stage up to three years after its construction. In this assessment, projects undergo the Verification and Authorization process. Below is a summary of the key moments in the process:

Final Remarks

The increasing investor demand for sustainable infrastructure projects represents fertile ground for companies and organizations to include this comprehensive, solid, and exhaustive perspective in the design and evaluation of their existing assets.

Certifying and recognizing infrastructure projects are also pending issues that benefit companies, communities, and the environment. It allows your project to provide scalable solutions to economic, social and environmental problems at the local level with international recognition.

Our team is committed to the sustainability of the international oil industry, so we have specialists with knowledge and experience in the only comprehensive tool in North America with international application to ensure that infrastructure is sustainable.

1/ McKinsey & Company ( 2022), The net zero transition: what it would cost, what it could bring; Glasgow Financial Alliance for Net Zero (GFANZ) ( 2021), We need to reach net zero emissions by 2050

2/ FTSE Rusell ( 2022), Investing in the green economy 2022

Example of an evaluation category in an infrastructure project

Climate and resilience

EMISSIONS

CR1.1 Reduce the net embodied carbon

CR1.2 Reduce emissions of greenhouse gases

CR1.3 Reduce emissions of air pollutants

RESILIENCE

CR2.1 Avoid inappropriate development

CR2.2 Assess vulnerability to climate change

CR2.3 Assess risk and resilience

CR2.4 Establish resilience objectives and strategies

CR2.5 Maximize resilience

CR2.6 Enhance infrastructure integration

CR0.0 Innovate or exceed credit requirements

Other assessment categories:

  • Quality of life
  • Leadership
  • Environment
  • Resource Allocation

Key information:

Sustainable  Infrastructure:  Infrastructure projects that are planned, designed, constructed, operated and dismantled to ensure economic, financial, social and environmental sustainability throughout the project’s life cycle.

ENVISION:  International  Comprehensive Framework  for  Sustainable  Infrastructure launched  in  2012,  developed  by  Harvard University and run by the Institute for Sustainable Infrastructure (ISI) in the United States.

Existence of international goals on climate change: From 1944 to date (Zofnass Program for Sustainable Infrastructure, Harvard

Existence of  international goals on biodiversity: From 1988 to date (Zofnass Program for Sustainable Infrastructure, Harvard University, 2022).

Categories and credits to be evaluated in a project: Five (5) categories and sixty-four (64) credits.

Levels of recognition for sustainable infrastructure projects: Toreceiverecognition, projects must achieve a minimum percentage of the total applicable ENVISION credits.

Projects can be recognized at four levels award levels:

  • Verified: 20%
  • Silver: 30%
  • Gold: 40%
  • Platinum: 50%

Talanza offers services of Consulting, Analysis, Design and Evaluation of infrastructure pro- jects, both for your teams of employees, as well as for other parties that allow solid evidence of the sustainability of your projects.

Como firma internacional con presencia en Estados Unidos, México y Colombia, encaminamos empresas del sector energético hacia un correcto cumplimiento normativo y asesoramos gobiernos a diseñar e implementar regulaciones que impulsen la sostenibilidad en el largo plazo para dicha industria.
Resultado de la sinergia entre líderes Canadienses y Mexicanos, en Eminent nos especializamos en la cuantificación, control y reducción de emisiones de metano. Como pioneros en México en aplicar la tecnología OGI, potenciamos la sostenibilidad de la industria petrolera internacional.