Envision Energy Collaborates With Five Healthcare Firms for Net Zero Health Systems By Akash Dhiman/ Updated On Wed, Jan 17th, 2024 Highlights : This multi-party agreement across healthcare and renewable energy companies brings together for the first time five healthcare providers – AstraZeneca, Lonza, Novartis, Novo Nordisk and Rocheto. The three-year renewable energy supply agreement was announced during the World Economic Forum Annual Meeting in Davos. Envision Energy Announces Collaboration with Five Global Healthcare Leaders. Photo: Pexels Envision Energy, a company associated with green technology, has collaborated with five global healthcare companies regarding the transition to net zero health systems. The project aims to deliver around 200 gigawatt-hours (GWh) of green power annually from this year. This multi-party agreement across healthcare and renewable energy companies brings together for the first time five healthcare providers – AstraZeneca, Lonza, Novartis, Novo Nordisk and Rocheto. It will further advance the industry’s sustainable development. The three-year renewable energy supply agreement was announced during the World Economic Forum Annual Meeting in Davos, Switzerland. Envision Energy‘s 200 gigawatt-hours (GWh) of green power supply is expected to reduce carbon dioxide equivalent emissions by 120,000 tons annually, comparable to taking 25,000 cars off the road. This collaboration paves a new way for more companies in the healthcare supply chain to decarbonise their operations. Envision Energy has assisted various partners in achieving net zero goals through its innovative consultation, digital solutions, and Power Purchase Agreements (PPAs), integrating existing regulatory and technology frameworks for a tailored, sustainable solution. It has provided significant amounts of renewable energy annually, enabling access to reliable and stable power supply over the long term, thus avoiding the impact of fluctuating and unstable electricity market prices on their production and operations. As per a report published in Nature, health sector is not only at risk from the impacts of climate change but also a major polluter—responsible for 5.2% of global emissions. The World Health Organisation and partners launched the COP26 Health Programme for sustainable, climate-resilient and low-carbon health systems and have established the Alliance for Transformative Action on Climate and Health to support its implementation. As far as net-zero healthcare as a shared target is concerned, the challenges differ across the world. The Nature magazine says, “In high-income countries, healthcare carbon emissions have already decoupled from spending, driven by wider societal decarbonization”. It also adds, “In low-income and middle-income countries, emissions have risen with increases in healthcare spending, service coverage and population size.” Tags: AstraZeneca, Carbon Emissions, heathcare, Net-Zero