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BERMUDA'S COMMITMENT
To The Paris Agreement And Net Zero 2050
Bermuda is committed to reducing its greenhouse gas (GHG) emissions in alignment with the Paris Agreement and is working towards achieving Net Zero emissions by 2050. A key aspect of Bermuda’s climate strategy involves enhancing energy efficiency across government and commercial buildings, which are significant contributors to the island’s overall energy consumption and carbon emissions.
Bermuda faces challenges such as outdated infrastructure and financial constraints that limit the adoption of energy-efficient technologies. ESCO Financial helps Bermuda overcome these obstacles through its Energy Efficiency-as-a-Service (EEaaS) model, providing the capital necessary to upgrade critical energy systems such as HVAC units, boilers, chillers, smart controls, motors, compressors, air handling units, and lighting systems. These improvements lead to significant reductions in energy consumption and GHG emissions, helping Bermuda meet and exceed its climate goals.
The International Performance Measurement and Verification Protocol (IPMVP) is crucial in measuring and verifying the energy savings achieved, ensuring that Bermuda’s energy efficiency measures result in tangible carbon reductions. This supports the island’s commitments under the Paris Agreement and attracts further international investment.
Bermuda also faces challenges in managing waste, particularly methane emissions from landfills. ESCO Financial’s Waste-to-Energy-as-a-Service (WtEaaS) model provides a sustainable solution by converting waste into energy, reducing landfill reliance, and aligning with Bermuda’s Paris Agreement commitments. This approach helps Bermuda mitigate methane emissions and generate renewable energy, accelerating its progress toward Net Zero by 2050.
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