By RICHARD LONGSTAFF & DEBORAH SILLS & SJ MAXTED FOR DELOITTE CONSULTING LLP
The public and private sectors are facing citizen and market pressures to develop comprehensive climate strategies, decarbonize, respond to increasingly unpredictable weather events and support inclusive growth.
The Biden administration’s whole-of-government focus on climate action is poised to transform the functional and operational mandates of all federal agencies.
The scale of the White House’s climate goals, including a more than 50% reduction in emissions by 2030, a carbon-pollution-free electricity sector by 2035, and a net-zero economy by 2050 ,1 — is matched only by the Administration’s desire to achieve its parallel objectives of promoting employment, innovation, economic growth and its Justice40 commitment to invest in disadvantaged communities.
LINKING CLIMATE TO MISSION AND MISSION TO CLIMATE
Climate change has been at the core of the missions of agencies such as the Environmental Protection Agency (EPA) for some time. In other agencies, such as the Ministry of Agriculture, increased attention to climate change will change the operational landscape and may necessitate a re-examination of entire programs.
All federal, state and local governments must understand how the climate crisis affects their mission and how their mission affects the climate. Building on this understanding, the government can then act on climate change in a way that aligns with – and advances – its broader operational performance.
The successful implementation of large, complex public programs requires the coordination of resources and expertise across multiple agencies and stakeholders in partnership with the private sector. To address these challenges, Deloitte has developed a framework and suite of tools, disciplines and people dedicated to analyzing the challenges and implementing solutions that benefit both the government agency and the organization. future of the American climate.
“Deloitte’s framework promotes seamless interaction among key stakeholders and helps the public sector successfully exercise new policy, institutional and analytical capabilities that would otherwise be difficult to build,” said Richard Longstaff, Deloitte’s Managing Director. Consulting. “How quickly agencies can identify and prioritize capability gaps, and partners to help fill them, will determine the impact and effectiveness of America’s climate trajectory over the coming decades.”
IN A GLOBAL RESPONSE, ALL AGENCIES ARE CLIMATE AGENCIES
The climate transition is not only on emission reduction and risk mitigation; but also as an opportunity for Federal stateand local governments to invest in the future, build resilience, create economic growth and jobs, and provide better services to citizens by:
- improving climate data analysis and workforce and stakeholder engagement structures;
- make infrastructure more adaptable and resilient to the effects of climate change;
- accelerate the development and commercialization of carbon mitigation technologies;
- create innovative public/private financing models to meet new investment needs and create jobs; and
- plan, implement and measure improved climate equity outcomes across all programs.
DELOITTE CLIMATE FRAMEWORK
To achieve the White House’s ambitious climate goals, the US public sector faces multiple challenges:
- create and coordinate the institutional, organizational and data capacities needed to manage an effective climate strategy;
- mitigate the risks posed by climate change to people, property; and operations;
- prioritize investments to reduce emissions and improve operational performance;
- build partnerships with the private sector to accelerate new climate technologies and the innovative financing to finance them; and
- promote equitable and inclusive growth.
“To address these challenges, Deloitte has invested in a team of climate professionals, analysts and industry and financial specialists from both the public and private sectors to work to solve the climate challenges we face today,” said Deborah. Sills, director of Deloitte Consulting. “We have researched and developed a multidisciplinary approach Climate framework of solutions and offerings designed to empower clients to accelerate effective climate strategy and leadership in four key areas of climate transition. To see climate transition zones, Click here and download the PDF “Accelerating climate action in the public sector”.
Deloitte balance sheet:
Accelerating public sector climate action and impact
Deloitte is no stranger to applying a variety of public and private sector solutions to U.S. government climate-related issues.
STREAMLINING ENVIRONMENTAL ANALYSIS AT COMMUNITY LEVEL
Deloitte supported the Federal Emergency Management Agency (FEMA) with the release of National Risk Index (NRI)enabling federal, state, local, and tribal stakeholders to measure social vulnerability at the community level and optimize public investments through a centralized, unified database that assesses 18 different environmental, socioeconomic, and hazard risk factors.
UNLOCKING PRIVATE FUNDS TO IMPROVE PUBLIC SECTOR RESILIENCE
In collaboration with the defense departmentDeloitte has collected and analyzed more than one million operational data points to identify gaps in water and energy resilience across a wide range of national and international facilities, and improved the security of the supply chain and mission resilience by designing and supporting the implementation of advanced and renewable energy solutions using third-party financing through mechanisms such as improved use leases, performance contracts in energy savings and energy service contracts.
CATALYZE ENERGY INVESTMENTS
Using the organization’s analytics platform MarketBuilder, Deloitte helps Ministry of Energy Loan Programs Office (LPO) implement a debt financing instrument for transformational processing technology that will help secure the U.S. supply chain of critical minerals and justify the deployment of federally funded debt financing instruments.
Together, public, private, and individual climate decisions over the next few years will define the future of the United States’ climate trajectory. Bold and coordinated action is needed now to change that trajectory in a sustainable direction that will reduce long-term risk and meet U.S. global emissions promises. Deloitte has committed resources across the organization to leverage our track record and develop a framework to assess challenges and address climate issues of today and tomorrow.
Richard Longstaff is Chief Executive Officer; Deborah Sills, main; and SJ Maxtesenior executive of Deloitte’s US Public Sector Climate Action team. You can read Deloitte’s full study, “Accelerating climate action in the public sector” here. If you would like to learn more about Deloitte’s Government and Public Services (GPS) practice, please see our career opportunities page.