Full Title: Legacy Asset Redeployment: How to Lower Costs, Avoid Stranded Asset, and Accelerate the Clean Energy Transition
Author(s): Dan Potash, Joniel Cha
Publisher(s): Deloitte
Publication Date: August 30, 2021
Full Text: Download Resource
Description (excerpt):
The U.S. is taking a multilateral approach in addressing climate change and is focusing on how to accelerate the journey to “net zero” carbon emissions, especially in hard-to-abate industries. To mitigate the time and cost of decarbonization one option is to re-use already paid-for energy delivery assets and retrofit them to continue to add value within a new pro-climate context – an approach we call Legacy Asset Redeployment. Legacy Asset Redeployment has the potential to become an important technical and economic enabler of climate solutions for hard-to-abate sectors. Legacy Asset Redeployment initiatives can and should be the focus of new, creative alliances of public and private sector stakeholders.