SINGAPORE, September 29, 2021 / PRNewswire / – Trane Technologies (NYSE: TT), a Global Climate Innovator, Takes the Stage at the World Climate Forum (WCF) Asia 2021. Sin Yew Cheng, Vice President of Mature Market HVAC Business for Trane Technologies Asia Pacific, attended the Building Climate Resilience: Embracing Innovations for Decarbonized Infrastructure panel session, which included an in-depth discussion with executives from the International Energy Agency, Infrastructure Asia, at to the Singapore Government and Resilient Cities Network.
During the panel, Sin Yew highlighted how Trane Technologies uses innovative technologies and strategic partnerships to create green and low carbon buildings, drive the development of climate resilient infrastructure, and how the company will meet its bold sustainability commitments for 2030.
This is the second year in a row that Trane Technologies has participated in the WCF Asia event. This year, the company’s participation includes four themed events around the world, including WCF Europe in June, WCF North America and WCF Asia in September, and the World Climate Summit / Investment, which will be held in November during the 2021 UN Climate Change Conference, COP26, in Glasgow, Scotland.
Gigaton Challenge to meet the sustainability obligation
Today, 15% of global CO2 emissions come from heating and cooling buildings, with heating, ventilation and air conditioning (HVAC) accounting for more than 40% of the total energy consumption of a commercial building. Global HVAC demand is expected to triple by 2050. There is an urgent need for systematic sustainability measures in all industries and in society to make infrastructure, including buildings, lower carbon, more energy efficient and more resilient to the effects of climate change.
In 2019, Trane Technologies announced its sustainability commitments for 2030, including Leading By Example by achieving a carbon neutral business operation in our own global footprint and the Gigaton challenge, a promise to cut customers’ carbon emissions by a billion tons (two percent of global annual emissions). This includes reducing emissions from our own products and services by almost 50% by 2030. It is an ambitious goal that is based on and from a wealth of facts and data Science Based Targets Initiative (SBTi) oriented towards climate science.
“As a climate innovator, we offer solutions to reduce greenhouse gas emissions in HVAC,” said Sin Yew. âThe Gigaton Challenge is not only a great challenge for us and our customers, but also part of our journey to respond to the escalating challenge of climate change.
To meet this bold Gigaton challenge, we developed a series of three innovative initiatives focused on HVAC solutions, including refrigerant transition management, system-level energy efficiency, and accelerating the electrification of heating and cooling. These initiatives will help to comprehensively reduce greenhouse gas emissions from heating and air conditioning systems. ”
Trane Technologies has been a leader in refrigerant conversion for many years, developing HVAC solutions that use next generation low global warming potential (GWP) refrigerant for buildings. This effectively led the HVAC industry to switch to chillers that use a refrigerant with a lower GWP. Today, Trane Technologies’ next generation chillers are widely used in more than 30 countries. While most of these countries do not have regulations on phasing out high GWP HFC refrigerants, Trane Technologies has prepared for greener, more energy efficient building solutions. The company is also exploring new avenues to encourage the collection and disposal of the old high GWP refrigerant gases that are removed from these systems or in obsolete containers to further reduce environmental impact.
In addition to providing energy efficient HVAC equipment, Trane Technologies offers a full range of services that focus on maximizing energy efficiency at the system level while meeting our customers’ expectations for climate experience and air quality. In addition, the company’s controls in conjunction with building automation help to significantly reduce or even eliminate energy waste, while at the same time reducing the emission intensity of a building or house.
To accelerate the electrification of heating and cooling solutions, Trane Technologies already has efficient electrified products on the market, such as the dual-supply household air-to-water heat pump system to provide heat for buildings and homes. Trane Technologies experts can also design custom systems to maximize the efficiency and effectiveness of heating systems that reduce fossil fuel consumption.
Cooperation to promote decarbonised infrastructure
“A core tenet of Trane Technologies’ sustainability strategy is working with our stakeholders to minimize our environmental impact,” said Sin Yew. “We hope more companies will join us. Ultimately, we can change an industry and an industry can change the world.”
To address the challenge of climate change, Trane Technologies is working with a variety of external partners such as government agencies, environmental agencies and opinion leaders, as well as non-governmental organizations, on new solutions for developing better climate-resilient environments. For example in September 2020Trane Technologies launched a new Healthy and Efficient Spaces Center (CHES) to bring together both internal and external expertise, advocate for the right policies and innovate to create a new normal in more sustainable buildings. The company is also a founding member of the International WELL Building Institute â¢ (IWBI â¢), which aims to improve human health and wellbeing in buildings.
Trane Technologies has also joined a number of key sustainability commitments and coalitions. This includes the commitment to RE100 and EP100 (100% renewable energies and 100% energy productivity), the UN Environment Cool Coalition and the United Nations’ international âRace to Zeroâ campaign on climate change (UNFCCC) to achieve net zero global emissions by 2050 for healthy, resilient, carbon-free recovery.
In Asia Pacific, Trane Technologies is working with policy makers and associations, including local ASHRAE, HVAC and engineering associations, to phase out HFC high greenhouse refrigerants, develop green building standards, advocate clean energy plans and electrification strategies. All of this will further accelerate the development of green buildings, strongly promote the construction of climate-resilient infrastructure throughout the region Asia Pacific and drive the global decarbonization process to build a more sustainable future.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our environmentally conscious product and service portfolio, we bring efficient and sustainable climate solutions for buildings, apartments and means of transport. Learn more at tranetechologies.com.
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