WEBVTT - Can our homes be part of net-zero emissions ambitions? | EP 47 0:00:02.040 --> 0:00:07.620 The following is a C and a podcast. Welcome to 0:00:07.620 --> 0:00:11.130 the climate conversations, I'm Jamie Hoh. Now when we talk 0:00:11.130 --> 0:00:13.890 about climate action, we often think of big changes like 0:00:13.890 --> 0:00:17.820 weaning of fossil fuels, adopting renewable energy and going big 0:00:17.820 --> 0:00:20.430 on electric vehicles. But what if we looked a bit 0:00:20.430 --> 0:00:23.550 more carefully into the carbon emissions in our homes, all 0:00:23.550 --> 0:00:26.400 related to electricity usage for what we do at home? 0:00:26.940 --> 0:00:30.510 They are already energy efficient air conditioners and fridges, smart 0:00:30.510 --> 0:00:33.930 home systems that can monitor and regulate our electricity usage 0:00:33.930 --> 0:00:36.690 and perhaps sometime in the future. Solar panels that can 0:00:36.690 --> 0:00:40.020 directly power our homes. These sounds great, but while developers 0:00:40.020 --> 0:00:43.650 can also make new buildings greener, what about older homes? 0:00:43.740 --> 0:00:46.979 What does moving beyond buying LED lights or using less 0:00:46.979 --> 0:00:50.670 power entail? An energy efficient at home devices make a 0:00:50.670 --> 0:00:53.430 difference in our overall emissions, and if more of us 0:00:53.430 --> 0:00:55.650 did our our pothole, will these efforts add to the 0:00:55.650 --> 0:00:59.190 overall climate goals that Singapore has with me to talk through? 0:00:59.220 --> 0:01:02.010 This is my initial point zone president in East Asia 0:01:02.010 --> 0:01:06.690 and Japan for Schneider Electric Manish overseas operations and his 0:01:06.690 --> 0:01:10.290 company's drive for smart energy management solutions to help homes 0:01:10.290 --> 0:01:13.920 and businesses operate more sustainably and contribute to the country's 0:01:13.920 --> 0:01:17.970 climate goals. Manish, welcome. 0:01:18.180 --> 0:01:19.020 Thank you, Jimi. 0:01:19.530 --> 0:01:22.190 Manish, let's start with the last year and a half. 0:01:22.250 --> 0:01:25.260 You know, we've largely lived with COVID 19 at home 0:01:26.069 --> 0:01:28.709 looking at how we've adapted for good and bad. What's 0:01:28.709 --> 0:01:31.830 your take on our overall energy usage at home? Has 0:01:31.830 --> 0:01:35.430 it been a net negative or net positive? Have some 0:01:35.430 --> 0:01:37.190 of the bad habits we used to have at the 0:01:37.200 --> 0:01:38.670 office translated back home? 0:01:38.790 --> 0:01:41.970 It's a great question. Clearly, COVID has been one of 0:01:41.970 --> 0:01:45.020 the single most events of this century that has. This 0:01:45.060 --> 0:01:47.760 has changed a lot of things. One of them is 0:01:47.760 --> 0:01:50.220 what we have been spending more time at home. It's 0:01:50.220 --> 0:01:53.160 a place where you live, play, work and doing all 0:01:53.160 --> 0:01:55.350 of that even more than what you were doing before. 0:01:55.650 --> 0:01:58.140 And it's changing the habits of all of us in 0:01:58.140 --> 0:02:02.010 some respects from a perspective of energy. Since we are 0:02:02.010 --> 0:02:05.910 spending more time at home, it's very normal to expect 0:02:05.910 --> 0:02:08.730 that their energy consumption are going to go up at home. 0:02:09.000 --> 0:02:11.940 And let's keep also in mind that there are a 0:02:11.940 --> 0:02:15.180 lot of other dimensions that are changing and that you change. 0:02:15.389 --> 0:02:18.390 One of the things that COVID has done is we 0:02:18.389 --> 0:02:21.570 all start to realise that it's an interconnected world today. 0:02:21.570 --> 0:02:24.270 You have a desert, which is everywhere. COVID started at 0:02:24.270 --> 0:02:26.340 one place and it's all over the world, so we 0:02:26.340 --> 0:02:28.980 are very well connected and it's something that closing of 0:02:28.980 --> 0:02:31.530 boundaries is not going to be an answer coming to 0:02:31.530 --> 0:02:34.200 climate change. And it's pretty much the same that you 0:02:34.200 --> 0:02:36.750 can say that if you produce more in one part 0:02:36.750 --> 0:02:39.240 of the world, it's going to be not affecting the 0:02:39.240 --> 0:02:42.480 other part of the world. And therefore, everything about climate 0:02:42.480 --> 0:02:47.520 change because of COVID is gaining that much more attention 0:02:47.520 --> 0:02:50.280 and is really at the top of the agenda for everybody, 0:02:50.639 --> 0:02:53.070 not just for the government. We start to realize it 0:02:53.070 --> 0:02:53.580 as well. 0:02:53.820 --> 0:02:57.630 Let me talk a little bit about technology in homes 0:02:57.630 --> 0:03:01.470 as far as energy efficiency goes. Have we reached the 0:03:01.470 --> 0:03:04.380 peak of technology there or do you still see some 0:03:04.380 --> 0:03:08.790 potential in real savings in technology foil for energy efficiency 0:03:08.790 --> 0:03:09.359 in homes? 0:03:09.630 --> 0:03:12.330 As a believer in technology, there are always gains to 0:03:12.330 --> 0:03:15.390 be made. There's always an improvement that is possible. The 0:03:15.389 --> 0:03:20.730 continuous improvement is always there. First things first, as consumers, 0:03:20.970 --> 0:03:23.820 we have to be responsible, which means that we have 0:03:23.820 --> 0:03:26.010 to make sure that since we are spending so much 0:03:26.010 --> 0:03:28.040 time at home, let's make sure we do the basics 0:03:28.050 --> 0:03:31.649 that's fundamental and even goes beyond technology. Of course, technology 0:03:31.650 --> 0:03:34.079 is there to help us and this is the power 0:03:34.080 --> 0:03:39.450 of digital, which is helping us complement or augment our 0:03:39.450 --> 0:03:42.840 behaviour and making it much more easier, for example, to 0:03:42.840 --> 0:03:45.240 switch off the air conditioner or switch on the light, 0:03:45.510 --> 0:03:47.340 including the light for the whole home, then we are 0:03:47.340 --> 0:03:50.990 taking a step outside. So yes, technologies today exist, which 0:03:51.000 --> 0:03:53.970 are able to, thanks to the power of digital that 0:03:53.970 --> 0:03:56.760 is able to bring automation at home since we are 0:03:56.760 --> 0:04:00.690 spending more time at home. We have seen that there 0:04:00.690 --> 0:04:04.260 is an uptick in adoption of these technologies by consumers, 0:04:04.260 --> 0:04:07.050 and this is a global phenomenon that is happening. We 0:04:07.050 --> 0:04:09.330 have seen the amount of money that is spent on 0:04:09.330 --> 0:04:13.200 home improvement is going up. Home automation is something that 0:04:13.200 --> 0:04:16.650 is also on the uptick because people start to realise that, yes, 0:04:16.680 --> 0:04:20.430 a today you have technologies that work and be. It 0:04:20.430 --> 0:04:24.599 is something that is increasing the level of comfort personalisation. 0:04:24.839 --> 0:04:27.870 Not to say that it is also helping save energy 0:04:27.870 --> 0:04:30.479 at the same time. Yes, it is smart, but it's 0:04:30.480 --> 0:04:33.719 also making home sustainable, and I think both of them 0:04:33.720 --> 0:04:34.400 are quite key. 0:04:34.710 --> 0:04:37.620 But the fact is, this might tell us, especially for 0:04:37.620 --> 0:04:40.679 individual homes, if they start looking at smart home or 0:04:40.680 --> 0:04:44.340 new technologies at an individual level, how much savings are 0:04:44.339 --> 0:04:47.160 we actually thinking about in terms of energy usage? 0:04:47.430 --> 0:04:51.029 What we have seen is that adoption of smart home 0:04:51.029 --> 0:04:54.690 technologies can save depending on your baseline or what you 0:04:54.690 --> 0:04:57.570 are using before. It could save anything between 30 and 0:04:57.570 --> 0:05:01.230 even up to 50 percent of energy. I'm talking about global, 0:05:01.230 --> 0:05:04.170 so this is more relevant where you use heating in 0:05:04.170 --> 0:05:08.370 cold weather, which uses a substantial energy guzzler over a 0:05:08.370 --> 0:05:12.479 period of time. So that's where you use automated thermostats, 0:05:12.480 --> 0:05:15.060 where you are able to set temperatures, and today you 0:05:15.060 --> 0:05:18.390 have technologies which is able to even go deeper and 0:05:18.390 --> 0:05:22.350 you can set a different temperature in every room. And Schneider, 0:05:22.350 --> 0:05:25.979 as a company, brings those technologies that help you do that. 0:05:26.040 --> 0:05:27.960 There are two or three things which are happening. One 0:05:27.960 --> 0:05:31.830 is people start to see that these devices are available 0:05:31.830 --> 0:05:35.700 and you are seeing the benefit of adopting this because 0:05:35.700 --> 0:05:38.010 you are more conscious now that you are spending time 0:05:38.010 --> 0:05:40.140 at home of the impact it has on your nose, 0:05:40.140 --> 0:05:42.780 you build. So that's visible. The other is there is 0:05:42.779 --> 0:05:46.320 a stronger focus from the government in terms of bringing 0:05:46.320 --> 0:05:49.540 a lot of sometimes subsidies in different parts of the world. 0:05:49.540 --> 0:05:51.410 We've seen that in the UK, you see that in 0:05:51.430 --> 0:05:54.840 us to help in the adoption of these energy efficient 0:05:54.839 --> 0:05:59.430 devices for home. And third is the cost in general 0:05:59.430 --> 0:06:03.640 of these smart home devices thanks to larger adoption or 0:06:03.660 --> 0:06:08.070 technology advancements. The price points that the customer see is 0:06:08.070 --> 0:06:11.280 actually going down, whereas I can give you an example 0:06:11.550 --> 0:06:15.440 before we used to have wired systems which are like Kinnick. 0:06:15.580 --> 0:06:20.140 Systems are Siebel Systems, which are available in different parts 0:06:20.140 --> 0:06:24.430 of the world that were quite sophisticated and were at 0:06:24.430 --> 0:06:28.900 price points which were substantially higher today with the adoption 0:06:28.900 --> 0:06:32.680 of wireless systems. One of them is wiser. We've seen 0:06:32.680 --> 0:06:35.530 that the cost it can go into a middle class home, 0:06:35.620 --> 0:06:38.800 whereas before it was more for the higher end and 0:06:38.800 --> 0:06:41.650 the premium segment Hobbs. That's what technology is bringing in, 0:06:41.650 --> 0:06:46.270 and therefore it is becoming easier for customers for consumers 0:06:46.540 --> 0:06:50.950 to access this technology. First, I would say, from a personalization, 0:06:50.950 --> 0:06:54.880 comfort and lifestyle. And then at the same time, also 0:06:54.880 --> 0:06:57.250 from an efficiency perspective, 0:06:57.550 --> 0:07:00.670 let me just shift attention a little bit specifically to 0:07:00.670 --> 0:07:03.340 Singapore now. And obviously, most of us here live in 0:07:03.339 --> 0:07:07.489 either HDB flat or private condo in such a setting. 0:07:07.510 --> 0:07:11.170 What really is the potential for spot technology and energy 0:07:11.170 --> 0:07:14.020 efficient systems playing out? And is it really practical for 0:07:14.020 --> 0:07:16.180 individual households to start looking into this? 0:07:16.450 --> 0:07:19.630 Here I will bring in some data from Singapore, where 0:07:19.630 --> 0:07:23.860 we see that Singapore is contributing 0.1 percent to the 0:07:23.860 --> 0:07:27.430 global emissions. And we it. If you look at four households, 0:07:27.430 --> 0:07:30.940 there is about seven percent of emissions which are coming 0:07:30.940 --> 0:07:34.540 from households both direct as well as secondary emissions, which 0:07:34.540 --> 0:07:37.300 is much more than that of transportation. So clearly one 0:07:37.300 --> 0:07:39.400 of the areas that when we focus on, we are 0:07:39.400 --> 0:07:43.750 able to bring down the level of energy consumption. Now 0:07:44.230 --> 0:07:47.680 one of the things is it is about electricity. It 0:07:47.680 --> 0:07:51.940 is the cleanest form of energy, is the best vector 0:07:51.940 --> 0:07:56.230 for decarbonisation. So today we still in Singapore use gas 0:07:56.470 --> 0:07:59.750 if you are able to move from gas to electricity. 0:07:59.770 --> 0:08:02.890 There will be a substantial savings that we will get 0:08:02.890 --> 0:08:06.460 in terms of the greenhouse gas emissions. What we see 0:08:06.460 --> 0:08:10.390 is that today in Singapore, there's a network of gas, 0:08:10.750 --> 0:08:14.140 which is there any fear able to switch that to electricity? 0:08:14.170 --> 0:08:16.390 It is clearly something that is going to save a 0:08:16.390 --> 0:08:19.660 lot of carbon emissions, which is what is. We have seen, 0:08:19.660 --> 0:08:22.060 for example, in the UK, there's a move to move 0:08:22.060 --> 0:08:24.280 from gas heating. And of course, it's in a different 0:08:24.280 --> 0:08:27.040 environment because it's more used for heating the homes and 0:08:27.040 --> 0:08:30.670 not just for cooking. Now the second thing is about digitisation, 0:08:30.670 --> 0:08:34.570 which is about automation that we talked about both electricity 0:08:34.570 --> 0:08:38.920 being green and then digital, bringing the power of making 0:08:38.920 --> 0:08:43.090 electricity visible. Even staying in HDB home, you're able to 0:08:43.090 --> 0:08:47.200 see how much energy you're consuming on a real time basis, 0:08:47.559 --> 0:08:51.730 which is possible. There is a technologies which exist today 0:08:52.059 --> 0:08:56.080 that is able to help you control your home together 0:08:56.080 --> 0:08:59.530 with a layer of artificial intelligence which is coming into 0:08:59.530 --> 0:09:02.890 those devices. The thing is what we are also saying 0:09:02.890 --> 0:09:07.000 it's possible to add on top of the connected devices 0:09:07.000 --> 0:09:10.150 and appliances that are getting more and more common in homes. 0:09:10.600 --> 0:09:14.710 You can add smart capability to make it much more efficient. 0:09:14.920 --> 0:09:18.910 You have the adoption of home energy management systems to 0:09:18.910 --> 0:09:22.630 which you can control appliances, for example, directly from your 0:09:22.630 --> 0:09:26.340 electric socket instead of going to the device so you 0:09:26.380 --> 0:09:30.310 have smart devices. Or you can even make your non-smart 0:09:30.309 --> 0:09:33.790 devices smart by controlling them directly from the electrical panel, 0:09:34.000 --> 0:09:37.510 which is able to control and see how much energy 0:09:37.510 --> 0:09:40.780 you are consuming. So we see that one is able 0:09:40.780 --> 0:09:43.540 to save, as I said before, up to 30 percent 0:09:43.540 --> 0:09:46.270 of electricity bills and in there are certain countries where 0:09:46.270 --> 0:09:49.300 there is a time of use tariff as well, and 0:09:49.300 --> 0:09:52.720 this is smart home gives you the ability to make 0:09:52.720 --> 0:09:55.540 sure that various tariff is low. That is the time 0:09:55.540 --> 0:09:59.650 that you're consuming a large part of your electricity. With this, 0:09:59.650 --> 0:10:03.280 the paybacks become much more faster off the devices and 0:10:03.280 --> 0:10:05.980 of the home energy management system that you use at home. 0:10:06.580 --> 0:10:08.590 One more point that I want to say, which is 0:10:08.590 --> 0:10:12.760 impacting the use of energy at homes, is the adoption 0:10:12.760 --> 0:10:16.750 of electric vehicles. That's something which is new in Singapore, 0:10:16.750 --> 0:10:19.000 and it's starting with what we have seen in other 0:10:19.000 --> 0:10:22.630 parts of the world that every electric vehicle that comes 0:10:22.630 --> 0:10:26.200 in a home increases the consumption by 30 to 40 percent. 0:10:26.559 --> 0:10:29.589 That would be applicable here. So even if you're living 0:10:29.590 --> 0:10:32.200 in an HDB home and you have an electric vehicle 0:10:32.410 --> 0:10:35.140 charging it at home, it is going to add that 0:10:35.140 --> 0:10:37.750 much to your electricity bill. Now, the way to manage 0:10:37.750 --> 0:10:40.660 that in, it's different for from when you're living in 0:10:40.660 --> 0:10:43.420 a single family home versus when you are living in 0:10:43.420 --> 0:10:47.380 a high rise apartment. The advent of electric vehicles is 0:10:47.380 --> 0:10:50.859 going to bring the adoption of smart home devices and 0:10:50.860 --> 0:10:55.480 technologies like wiser, even more prevalent going forward where we 0:10:55.480 --> 0:10:59.140 have solar adoption in parts of the world. There is 0:10:59.140 --> 0:11:01.360 a classic saying that we have that we need to 0:11:01.360 --> 0:11:04.300 be because the payback gets so much faster because you're 0:11:04.300 --> 0:11:07.150 charging at home because your electricity bill is actually going 0:11:07.150 --> 0:11:09.880 up by 30 percent. So those of us who in 0:11:09.880 --> 0:11:13.030 Singapore were living in individual homes and need to look 0:11:13.030 --> 0:11:17.080 at getting solar together with the electric. And maybe that's 0:11:17.080 --> 0:11:18.970 a phenomenon that we would see a period of time. 0:11:19.240 --> 0:11:22.410 Yeah. Manage that point on electric vehicles. That's very interesting. 0:11:22.420 --> 0:11:26.560 Did you actually see that spike in usage translate into 0:11:26.559 --> 0:11:31.059 energy usage at home? And actually Home's electrical systems are 0:11:31.070 --> 0:11:33.730 built for that kind of purpose? I mean, we saw 0:11:33.730 --> 0:11:36.280 a lot of incidents, but was it really such a 0:11:36.280 --> 0:11:40.059 significant uptick that that you yourselves see as a concerning 0:11:40.300 --> 0:11:41.710 pattern in usage 0:11:41.980 --> 0:11:44.860 like consumption in homes? Yes. I mean, you were charging 0:11:44.860 --> 0:11:47.830 and there's the increase that you're having now in order 0:11:47.830 --> 0:11:50.800 to make sure that it is done from an electrical 0:11:50.800 --> 0:11:53.830 safety perspective, which is also very key. You have your 0:11:53.830 --> 0:11:58.000 maximum demand that the electricity utility company imposes on you 0:11:58.000 --> 0:12:00.970 that you cannot exceed, and therefore you need to have 0:12:00.970 --> 0:12:05.260 again technologies that are balancing the total amount of energy 0:12:05.500 --> 0:12:08.410 that you're consuming at a particular point of time, including 0:12:08.679 --> 0:12:11.470 the one that is used for charging your electric vehicle. 0:12:11.650 --> 0:12:16.540 We have seen that, therefore the electrical charging in homes, 0:12:16.809 --> 0:12:19.270 while it looks very simple when it is done at 0:12:19.270 --> 0:12:21.910 lower loads, but it is something which is going to 0:12:21.910 --> 0:12:24.700 add to the complexity. And that's why I said the 0:12:24.730 --> 0:12:30.760 adoption of smart home and especially the home energy management systems, 0:12:31.000 --> 0:12:34.300 which is going to help you control your energy bill 0:12:34.300 --> 0:12:37.840 directly from the electrical panel and regulate it is something 0:12:37.840 --> 0:12:39.939 that is going to get more and more prevalent. 0:12:45.870 --> 0:12:47.880 You mentioned your company, and I want to talk a 0:12:47.880 --> 0:12:50.220 little bit bigger picture now about the work that companies 0:12:50.220 --> 0:12:53.459 like yours does. How is your work with architects and 0:12:53.460 --> 0:12:57.059 engineers sort of evolving both in terms of working on 0:12:57.059 --> 0:13:00.000 older buildings as well as, I would imagine, newer buildings 0:13:00.000 --> 0:13:03.840 and newer technology, right? Where is the biggest potential, do 0:13:03.840 --> 0:13:08.730 you think, for technology to play in energy efficiency and 0:13:08.730 --> 0:13:13.170 emissions reductions? Is it in retrofitting the older buildings and 0:13:13.170 --> 0:13:17.160 older systems, or is it in even finding new technologies 0:13:17.160 --> 0:13:17.940 for new buildings? 0:13:18.270 --> 0:13:20.790 It's a great question, Jamie. Our mission is to be 0:13:20.790 --> 0:13:24.990 the digital partner for sustainability and efficiency. Our purpose is 0:13:24.990 --> 0:13:27.870 to empower all to make the most of the energy 0:13:27.870 --> 0:13:31.910 and resources, bridging progress and sustainability. For all that Schneider 0:13:31.920 --> 0:13:35.819 we call this life is on for everybody, whether it's consumers, 0:13:35.820 --> 0:13:41.160 whether it's enterprise businesses, infrastructure and governments, etc. So that's 0:13:41.160 --> 0:13:43.740 what we bring when we think of the challenge of 0:13:43.740 --> 0:13:49.920 decarbonisation for new buildings. It is relatively easier because when 0:13:49.920 --> 0:13:53.429 you're constructing your building, you're already able to bring in 0:13:53.429 --> 0:13:56.489 the new technologies right from the word go across what 0:13:56.490 --> 0:13:59.880 you are building. Having said that, what you're building new 0:13:59.880 --> 0:14:03.720 is a fraction of the total consumption that you're doing. 0:14:04.260 --> 0:14:08.339 So the challenge is on the retrofit, which you rightly pointed. 0:14:08.640 --> 0:14:12.390 And this is where is the big challenge where you 0:14:12.390 --> 0:14:15.840 have to work to see you are able to ensure 0:14:15.840 --> 0:14:20.760 that the occupants of whether it's an industry running process 0:14:21.180 --> 0:14:24.330 that is there, which is able to ensure that you 0:14:24.330 --> 0:14:28.260 keep the things going while you transition into a greener 0:14:28.260 --> 0:14:31.900 environment and decarbonize at the same place. That's a big challenge. 0:14:31.920 --> 0:14:35.280 So at Schneider Electric, we bring those technologies which are 0:14:35.280 --> 0:14:40.290 able to go and to help retrofit systems in such 0:14:40.290 --> 0:14:42.990 a manner that you have business continuity as well as 0:14:42.990 --> 0:14:46.890 your decarbonisation targets that are built. This is an area 0:14:46.890 --> 0:14:50.790 where we have seen, for example, in Europe, that there's 0:14:50.790 --> 0:14:53.190 a strong focus from the government in terms of the 0:14:53.190 --> 0:14:57.120 subsidy and the support that would be given to retrofit buildings, 0:14:57.330 --> 0:15:00.660 for example, and make them decarbonised. And that's what we 0:15:00.660 --> 0:15:02.910 have to do. It's not just an issue of Europe. 0:15:03.180 --> 0:15:04.950 We will have to do it in Singapore. And I 0:15:04.950 --> 0:15:08.400 think the green plan that the Singapore government has, it's 0:15:08.400 --> 0:15:09.600 going to address that as well 0:15:10.260 --> 0:15:12.390 is fascinating because if we look at it from the 0:15:12.390 --> 0:15:15.150 level of what's happening in Asia as well, I would 0:15:15.150 --> 0:15:19.020 imagine that in Asia you have a very interesting mix 0:15:19.020 --> 0:15:22.470 of both older buildings which need retrofitting, which are built 0:15:22.470 --> 0:15:25.860 on perhaps quite inefficient older systems and many of them 0:15:25.860 --> 0:15:29.370 in places like India, for example. But you also have 0:15:29.370 --> 0:15:31.950 places where there for new buildings are being built, and 0:15:31.950 --> 0:15:35.220 the potential for technology is great there too. I imagine 0:15:35.220 --> 0:15:37.980 that it must be exciting being able to work in 0:15:37.980 --> 0:15:41.280 Asia for a company like Schneider in trying to balance 0:15:41.280 --> 0:15:43.650 the two, which one is more difficult or you imagine 0:15:43.650 --> 0:15:46.210 there is a bit like trying to fix the bicycle or, yes, 0:15:46.230 --> 0:15:48.990 cycling at the same time, especially for the older buildings. 0:15:49.320 --> 0:15:51.950 But what's the challenge for places like those cities in India, 0:15:51.960 --> 0:15:52.530 Asia here? 0:15:52.860 --> 0:15:55.350 First, it's a global issue. You write that it's an 0:15:55.350 --> 0:15:57.780 issue in Asia, but it's also a global issue of 0:15:57.780 --> 0:16:01.380 how we are able to do that together. The challenge 0:16:01.380 --> 0:16:05.820 is clearly being in terms of first, the technology that 0:16:05.820 --> 0:16:10.020 is required, which needs to be adapted for each of 0:16:10.020 --> 0:16:15.390 those different installations as compared to new build. Because every 0:16:15.390 --> 0:16:19.859 building has been built or every process or every industry 0:16:20.010 --> 0:16:22.920 has been built at different points of time, and you 0:16:22.920 --> 0:16:27.720 need to be able to tailor those solutions for sustainability 0:16:27.720 --> 0:16:30.540 for each one of them. One of the other challenges 0:16:30.540 --> 0:16:34.260 that we see is in terms of gathering of data. Actually, 0:16:34.260 --> 0:16:36.030 I would I should have said that is number one 0:16:36.030 --> 0:16:39.690 because it all starts with the data that where do 0:16:39.690 --> 0:16:43.320 you want to impact in terms of where is the 0:16:43.320 --> 0:16:47.760 biggest impact for decarbonization? And those are the areas within 0:16:48.000 --> 0:16:51.360 a given installation that you want to address first and 0:16:51.360 --> 0:16:54.030 this is what is there. And then being able to 0:16:54.030 --> 0:16:57.690 develop solutions for those installations, which again would be very unique, 0:16:58.020 --> 0:17:00.990 is something that is the other challenge that is what 0:17:00.990 --> 0:17:05.910 we see ongoing. The other challenges in terms of the 0:17:05.910 --> 0:17:08.910 investments that need to be done. We need a strong 0:17:08.910 --> 0:17:15.420 commitment from enterprises around taking the columns of sustainability and saying, well, 0:17:15.420 --> 0:17:18.150 this is what we want to do and therefore being 0:17:18.150 --> 0:17:21.320 convinced that we have to be setting aside some sort 0:17:21.330 --> 0:17:24.419 of budget or being looking at financing in order to 0:17:24.420 --> 0:17:28.890 do that. This whole area of sustainability is going to 0:17:28.890 --> 0:17:33.830 be asking for additional investments and therefore additional opportunities for 0:17:34.020 --> 0:17:39.510 different stakeholders. The thing about sustainability is that it requires 0:17:39.660 --> 0:17:43.320 various stakeholders to come together in order to achieve it. 0:17:43.680 --> 0:17:45.969 I would say that's the other challenge because. That's something 0:17:45.970 --> 0:17:49.330 that does not come naturally to us, and that's what 0:17:49.330 --> 0:17:50.020 we have to be doing. 0:17:50.600 --> 0:17:53.139 Yeah, I'm going to use that opportunity to talk about 0:17:53.230 --> 0:17:56.709 Singapore a bit more specifically from your perspective, how do 0:17:56.710 --> 0:18:00.490 you see players like, for example, the private developers so 0:18:00.490 --> 0:18:04.210 far getting on board sort of the sustainability the green 0:18:04.210 --> 0:18:08.590 building journey? Are they moving fast on their own or 0:18:08.590 --> 0:18:11.320 is a lot of the action still coming from, for example, 0:18:11.320 --> 0:18:14.820 the regulator from business of the world trying to regulate 0:18:14.920 --> 0:18:17.290 and push people on green marks and things like that? 0:18:18.040 --> 0:18:21.040 Is Singapore and our built sector? Do you think able 0:18:21.040 --> 0:18:23.920 to lead the way for Asia in terms of its 0:18:24.700 --> 0:18:26.320 energy efficiency within buildings? 0:18:26.980 --> 0:18:29.920 I would first say that kudos to the Singapore government 0:18:29.920 --> 0:18:33.040 because it's taken the step of defining the green plan. 0:18:33.460 --> 0:18:36.760 The Singapore government and the ministers have been communicating really 0:18:36.760 --> 0:18:39.640 around the sense of urgency for using the carbon emissions 0:18:39.640 --> 0:18:43.149 to different policies. This has been taken up by the 0:18:43.150 --> 0:18:47.290 industry here. What we see is that there are corporations 0:18:47.290 --> 0:18:50.470 which have a chief sustainability officer, and it goes back 0:18:50.470 --> 0:18:53.530 to what we discussed before that it's something that starts 0:18:53.530 --> 0:18:57.250 with the strategy of a company that sustainability is a 0:18:57.250 --> 0:18:59.800 core part of the strategy, and it starts by having 0:18:59.800 --> 0:19:03.610 a CSO or an equivalent in a corporation. And we 0:19:03.609 --> 0:19:06.070 see that a lot of companies are having that in 0:19:06.070 --> 0:19:09.880 Singapore mode building as well as non buildings. And therefore 0:19:10.060 --> 0:19:14.679 I'm very optimistic and confident that we will work together 0:19:14.830 --> 0:19:17.920 to drive this, of course. So again, it's the government 0:19:17.920 --> 0:19:21.490 and the companies or companies like Schneider. We have very 0:19:21.490 --> 0:19:27.400 specialised energy sustainability services division, which is bringing these solutions 0:19:27.640 --> 0:19:31.120 to our customers and spatially focused on the retrofit on 0:19:31.119 --> 0:19:34.850 the existing installations because that's where the biggest challenge lie. 0:19:35.230 --> 0:19:37.510 On that note, we've been trying to go from the 0:19:37.510 --> 0:19:40.080 small picture to the big picture to a global picture 0:19:40.390 --> 0:19:42.909 as we sort of close off. Maybe we saw a 0:19:42.910 --> 0:19:44.770 crystal ball a little bit and we're looking to the 0:19:44.770 --> 0:19:47.260 future in Singapore, let's say, in 20 years or maybe 0:19:47.260 --> 0:19:49.870 even less, let's say 10 years in terms of what 0:19:49.869 --> 0:19:53.740 our average home looks like. As you talk about retrofitting 0:19:54.070 --> 0:19:57.699 and vision for us, what a typical HDB home is 0:19:57.700 --> 0:20:00.070 going to look like. If Snyder had free reign to 0:20:00.070 --> 0:20:03.729 develop this new energy efficient home, what would it look like? 0:20:03.859 --> 0:20:07.300 What would a climate friendly, energy efficient home in Singapore 0:20:07.300 --> 0:20:10.090 look like in 20 years? That's vastly different from what 0:20:10.090 --> 0:20:10.929 it may be now. 0:20:11.470 --> 0:20:14.189 The home of the future is going to be a 0:20:14.230 --> 0:20:18.490 sustainable and smart home. That's what we foresee in the future. 0:20:18.820 --> 0:20:22.060 It would be at home, which is Italy being a 0:20:22.060 --> 0:20:26.830 net zero home, which is consuming as much as as 0:20:26.830 --> 0:20:29.830 it is able to to generate through the mix of 0:20:30.070 --> 0:20:33.250 actions that we have inside the home and is not 0:20:33.250 --> 0:20:37.840 contributing to the greenhouse emissions in Singapore. That's something I 0:20:37.840 --> 0:20:39.879 would say would be the vision that we should have 0:20:39.880 --> 0:20:41.920 is how we are able to get to net zero 0:20:41.920 --> 0:20:43.750 homes in Singapore. 0:20:43.869 --> 0:20:45.790 I want to therefore use that as a last question. 0:20:45.790 --> 0:20:47.379 If let's say I see, you know, I'm going to 0:20:47.380 --> 0:20:50.740 give my own home a target. The Singapore government has 0:20:50.980 --> 0:20:53.979 set a specific target yet for when it reaches net zero. 0:20:53.980 --> 0:20:55.600 But let's say I say I want to get to 0:20:55.600 --> 0:20:59.020 net zero home sooner rather than later. What are the 0:20:59.020 --> 0:21:01.660 immediate steps that I could take for myself? 0:21:02.230 --> 0:21:06.220 It starts with the changes in terms of the energy 0:21:06.220 --> 0:21:09.280 consciousness that we have in the home. That's a starting point, 0:21:09.730 --> 0:21:13.210 coupled with the smart home and the home energy management system. 0:21:13.540 --> 0:21:16.210 And if you're able to move on top of that 0:21:16.210 --> 0:21:20.530 with renewables being generated at home like solar is what 0:21:20.859 --> 0:21:23.619 I would say would be an ideal that we would 0:21:23.619 --> 0:21:25.960 like to see in a home coupled with storage, which 0:21:25.960 --> 0:21:28.030 we did not talk about today. But if you add 0:21:28.030 --> 0:21:32.350 storage to that, meaning that you are a self-sustainable home, 0:21:32.560 --> 0:21:37.000 your smart home, your resilient home and you are home 0:21:37.000 --> 0:21:37.750 on top of that. 0:21:38.080 --> 0:21:41.480 Since you mentioned storage, then end off on that. How 0:21:41.480 --> 0:21:42.760 are you going to be able to do that within 0:21:42.760 --> 0:21:43.660 individual homes? 0:21:44.020 --> 0:21:47.980 Well, today we are in individual homes, so storage is 0:21:47.980 --> 0:21:51.730 clearly something that is evolving very, very fast and then 0:21:51.730 --> 0:21:55.450 together with storage. There are different technologies around creation of 0:21:55.510 --> 0:21:59.050 virtual private networks. That means you are linked to solar 0:21:59.050 --> 0:22:01.179 in your home, you are charging it. And when the 0:22:01.180 --> 0:22:05.020 sun is away in times of where you have weather conditions, 0:22:05.020 --> 0:22:06.760 you know, we just saw one in the US right 0:22:06.760 --> 0:22:10.450 now with EDA. If some kind of unfortunate event happens, 0:22:10.450 --> 0:22:14.440 you are completely resilient. You're able to power yourself. At 0:22:14.440 --> 0:22:18.100 the same time, I was talking about virtual private network technologies, 0:22:18.160 --> 0:22:21.220 which are making sure that you are able to share 0:22:21.220 --> 0:22:24.760 your power within a community or even a larger geography 0:22:25.060 --> 0:22:30.310 that is very much possible. Again, digitization electrification together with 0:22:30.310 --> 0:22:35.320 digitization is, I would say, the single biggest driver for decarbonization, 0:22:35.530 --> 0:22:37.570 which is going to change the world in the future. 0:22:37.900 --> 0:22:40.840 It certainly sounds as if it's a future that's tremendously 0:22:41.200 --> 0:22:43.780 full of potential. We only hope that it gets to 0:22:43.780 --> 0:22:48.060 individual homes and. Individual sooner rather than later. On that note, 0:22:48.060 --> 0:22:48.869 thank you very much. 0:22:48.990 --> 0:22:51.149 Thank you. Thank you, Jimi, for hosting me. 0:22:52.590 --> 0:22:54.929 And thanks for listening to the climate conversation. Stay up 0:22:54.930 --> 0:22:57.750 to date on CNN's coverage of climate change on CNN 0:22:57.750 --> 0:23:00.510 Dot Asia. You can also find this in other senior 0:23:00.510 --> 0:23:03.869 podcasts on our website and on iTunes and Spotify. The 0:23:03.869 --> 0:23:07.530 team behind this podcast, Christina Robert Insulin and Erin Low. 0:23:07.830 --> 0:23:09.690 I'm Jamie Ho again two next week.