To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
Tokelau, home to about 1,500 islanders, has become the world’s first territory to run entirely on solar energy. The New Zealand territory installed 4,032 solar panels and 1,344 batteries costing a total of $7m (£4.3m). This might seem a lot for an island where GDP is only $299,125; however, this new system saves the island from importing all its energy which used to cost up to $1million a year.
Although the original project hoped to sustain 93% of Tokelau’s energy needs (the other 7% coming from burning coconut oil), the panels can manage up to 150% of the island’s energy requirements. The solar network can produce more than 1,400 megawatts per hour and will reduce more than 950 tonnes a year of carbon dioxide emissions.
The new system will also much more reliable with less power cuts. Mr Parchomchuck, director of Power Smart the company that worked on the Tokelau Renewable Energy Project, says that other Pacific Islands have expressed interest in making the switch to solar power after the success in Tokelau.
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
In January 2020, Tomorrow's Company co-hosted a major Financial Inclusion Summit, to launch our report into the role of employers...
Mental health in the workplace has gone from a fringe idea to being mainstream and top of the agenda in…
Dear Readers, Here are a few articles published in the last few days that address issues – such as mental…
We need a social contract that is fair, so that everyone has the chance to progress.
Joining Russell Goldsmith at the London offices of GSK to discuss this issue, were Kerry O'Callaghan, VP for Global Brand...
Tomorrow’s Company is proud to announce a partnership with the c suite podcast, a monthly show covering topics such as Marketing…
Press return to search