Transport for London selects Baringa for strategic work
Baringa Partners has announced that it has been appointed as the Strategic Energy Advisor to Transport for London. The news will see Baringa help the transport organisation develop a new strategy for the phased procurement of renewable energy to be used in its systems.
London is in the midst of a transportation overhaul under incumbent Mayor Sadiq Khan. The roll-out of plans to boost its public transport share to the 40% mark, along with cycling from 2% to 6%, and a number of large “peer-to-peer” car-sharing “platforms” are all aimed at transforming the city’s reputation – as well as a bid to see the UK capital be a zero carbon location by 2050.
The Mayor’s Transport Strategy (MTS) sets out the overarching policy roadmap for road, rail and shipping emissions in London, with a specific objective of running a zero-emission railway by 2030. The London Environment Strategy (LES) sets interim carbon ‘budgets’ for London over the next 15 years, providing shorter term targets by sector. Transport for London (TfL) has a major role and is committed to delivering reductions in emissions over this timeframe – and is committed to meeting the ‘zero carbon’ target for its rail system by the end of the present decade.
In order to meet its commitments to reaching the MTS and LES goals, TfL has contracted Baringa Partners to assist it as strategic energy advisor. The consultancy will now work to help TfL prepare an energy purchasing strategy, and develop a clearly defined strategy for the phased procurement of renewable energy power purchasing – ensuring it can meet a 2030 zero carbon target for rail. The Energy Purchasing Strategy will set out the overall vision, a defined strategy for renewable energy sources and their procurement route.
Ilesh Patel, Global Strategy and Markets Lead for Energy & Resources at Baringa said, “We are delighted to have been appointed by TfL to support it in delivering TfL’s commitments towards a zero carbon London.”
TfL is a major energy user and buyer of electricity, and the MTS and LES plans mean it will need to overhaul much of its existing buying strategy in support of the wider CO2 emissions reduction in London. These include improving energy efficiency, reducing emissions from TfL’s infrastructure and increasing the level of renewable energy supplying TfL assets.
Specifically MTS Proposal 40 states “The Mayor, through TfL, will seek to deliver a package of measures both to increase the level of low-carbon energy generation on TfL’s land and for supply to its assets”, and the LES sets an ambition for TfL-controlled rail services to be wholly supplied by zero carbon sources by 2030.
