Rolls-Royce Climate Goals: Leading aircraft engine manufacturer and energy giant Rolls-Royce Friday joined United Nation’s initiative Race to Zero campaign for building a sustainable and net zero carbon future by aligning its business to the goals set under the Paris Agreement that seek to limit the rise in global temperature to 1.5 degree centigrade.
As part the initiative Rolls-Royce will use its technological capabilities to play a leading role in enabling vital parts of the economy such as aviation, shipping, rail, and power generation to become net zero carbon emitter by 2050, said the company.
“The COVID-19 pandemic has brought immediate and obvious pressures to our industry and to us as a company, but the long-term challenges our world faces have not gone away,” said Warren East, Chief Executive Officer of Rolls-Royce.
“The world on the other side of this pandemic will need the power that we generate to fuel economic recovery. I absolutely believe the call for that power to be more sustainable and net zero will be stronger than ever,” he said.
Warren East said answering that call is a big, complex challenge and few companies on the planet were better placed than Rolls-Royce to help.
“We will use our capabilities to play a leading role in enabling the vital sectors in which we operate to achieve net zero emissions by 2050. I believe this ambition will drive our competitiveness for the future,” Warren East said.
Rolls-Royce has also set an ambitious target for itself to become a net zero carbon emitter in its operations in the next 10 years.
Rolls-Royce said it would invest in research and development (R&D) for the development of innovative technology solutions to address the problem of climate change. It will focus on the solutions that are necessary to achieve the goals set by the company and the industry.
As a part of this commitment, the company will also publish a clear roadmap later this year in which it will set out a pathway, including interim milestones, to enable a net zero carbon emissions by 2050.
Rolls-Royce will also accelerate the development of new technologies and capabilities for future low emission products, including pioneering the electrification of flight.
“Rolls-Royce has always pursued clean, safe and competitive solutions to deliver society’s vital power needs. As we emerge from the shadow of this pandemic, this task is now more urgent than ever,” the company aid said in a statement sent to Defence Star.
Rolls-Royce said in order to meet the demands of a growing, more connected society, the power that matters must be sustainable and a net zero carbon power.
“We are determined to use our position as a leading industrial technology company to play a significant role in achieving net zero carbon emissions by 2050,” Rolls-Royce said.
As a part of this initiative, Rolls-Royce will focus on advancing key technologies, including increasing the efficiency of engines. The company will also work together with the fuel industry to significantly ramp up the availability of lower carbon alternative fuels.
Rolls-Royce will also lead a consortium to build small and modular nuclear power stations that can provide competitive, clean and low carbon power at scale.
The company said it would continue to deploy hybrid electric systems in the rail and marine markets and transition of those capabilities into aviation sector.
The company will also deliver micro-grid solutions to provide vital stability and back-up power, expanding the uptake of renewable energy by removing the challenge of volatility.
Rolls-Royce said in order to achieve net zero greenhouse gas emissions target in its operations and facilities by 2030 it will use pioneering closed loop manufacturing techniques on high value metals, and also deploy cutting-edge microgrid capabilities to support its estate.
“With 2.6 billion people and over half of global GDP now covered by net zero goals, Rolls-Royce is positioning itself to meet huge growth in demand for net zero transport and power,” Nigel Topping, UN High Level Climate Action Champion for COP26.
“As a company operating in some of the hardest to abate sectors, this is a big act of industrial technology leadership,” Nigel Topping added.
“Limiting global warming to 1.5°C requires systemic change across industries and borders. As an industrial technology leader, we believe Rolls-Royce is well-placed to work across those parts of the economy and industry that are the hardest to abate,” said the industrial technology giant which operates in 150 countries of the world.
“Our commitment to solving complex problems and continued investment in research and development will ensure that our business is not only compatible with a net zero carbon future, it is essential for it.”
About Rolls-Royce Holdings Plc
Rolls-Royce is active in development of cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet’s vital power needs.
The company has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.
Annual underlying revenue was £15.3 billion in 2019, around half of which came from the provision of after market services.
In 2019, Rolls-Royce invested £1.45 billion on research and development. Rolls-Royce also supports a global network of 29 University Technology Centres, which position its engineers at the forefront of scientific research.