Wed. Oct 4th, 2023
    The Power of Connected Networks in Decarbonizing Industries

    In the face of the accelerating climate crisis, governments and industries are joining forces to combat climate change. By utilizing connected networks of intelligence, businesses are working towards decarbonizing essential industries without compromising security, reliability, or profitability.

    The effects of the climate crisis are becoming increasingly apparent, with extreme weather events such as heatwaves, wildfires, and floods occurring more frequently. This urgency has led industries and governments to seek fast-track solutions towards achieving net zero emissions. To navigate this challenge, digital insights play a crucial role in providing a comprehensive view of potential scenarios and solutions. With this information, teams can map out a clear path to a fully decarbonized future.

    Efforts to address the climate crisis are already underway. Many countries, accounting for over 70% of global energy consumption, have implemented new policies to improve energy efficiency. Additionally, clean energy supply has become a critical focus, with significant investments and funding being allocated towards these efforts. The Inflation Reduction Act has shown promise, as every ton of CO2 reduced in the US has a multiplier effect of reducing 2.4-2.9 tons of emissions globally, thanks to advancements in technology.

    At AVEVA, it is believed that these policy shifts and societal preferences are just the beginning of a larger process of sustainable change. However, given the continuously rising temperatures, a faster pace is required to achieve necessary milestones. Connected networks and digitalization play a crucial role in driving the decarbonization of industries. Digital twins, in particular, provide comprehensive virtual models of assets, enabling better decision-making and improved efficiency.

    By harnessing the power of connected networks, industries can decarbonize essential processes without compromising on security, reliability, or profitability. This will not only help in achieving environmental goals but will also secure investments, attract talented individuals, and gain regulatory approvals. The world must continue to collaborate and leverage technology to accelerate the transition to a low-carbon, climate-resilient future.

    – The European Sting
    – World Economic Forum