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Insights and News /

24 April 2020 5 min read

Baringa Partners to act as Strategic Energy Advisor to Transport for London (TfL)

Baringa Partners LLP are proud to announce that we have been appointed as the Strategic Energy Advisor to Transport for London (TfL).  

The Mayor’s Transport Strategy (MTS) sets out the overarching policy roadmap for road, rail and shipping emissions in London to be zero carbon by 2050, 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. TfL has a major role and is committed to delivering reductions in emissions over this timeframe. 

The MTS and LES make a number of commitments for TfL as a major energy user and buyer of electricity, 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. 

Baringa will assist TfL as strategic energy advisor to prepare an energy purchasing strategy to develop a clearly defined strategy for the phased procurement of renewable energy power purchasing by TfL to meet our 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 – Energy & Resources at Baringa Partners said: “We are delighted to have been appointed by TfL to support it in delivering TfL’s commitments towards a zero carbon London.”