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According to the Capgemini Research Institute’s latest research, 67% of organizations have seen a reduction in carbon emissions due to the implementation of sustainable product design strategies, while 73% have seen an improvement in revenue growth. Compliance with such regulations is becoming non-negotiable for businesses.
The European Union’s Green Deal Industrial Plan, India’s Production Linked Incentives (PLI) and the Inflation Reduction Act (IRA) in the US are all policies designed to further stimulate the integration of sustainable energy. To develop renewable energy technology, governments are turning to various public policy measures.
By tapping into funds and tax breaks designed to spur green economic activity, companies can capitalize on economic conditions ideally suited for international growth. Denmark’s plan aims for a 70% reduction in emissions by 2030 and full carbon-neutrality in 2050. Denmark Carbon Tax Implications.
Setting the stage for the conversation is the fact that: Energy Information Administration (EIA) projects there will be a demand for 50% more energy by 2050 based on today’s forecast. The scale is incredibly fast, and like similar technology regulation, efforts are in many cases behind the need.
AI self-driving cars, for instance, may reduce emissions by 50 percent by 2050 by identifying the most efficient routes. AI self-driving cars, for instance, may reduce emissions by 50 percent by 2050 by identifying the most efficient routes. AI can also be used to fight climate change. AI can also help make the world more sustainable.
It’s important to reduce waste by designing products that use fewer resources and can be reused or recycled. Many of our products are designed to be disposable. A lot plastic packaging, for example, is not designed for reuse and cannot be recycled or composted, so waste is built in. In nature, there is no waste.
As environmental regulations become more demanding, and as the number of digital technologies deployed in modern facilities proliferates, optimising building energy consumption is not just a choice, but a necessity. Together these measures, all enabled by smarter digital tools, can have a tangible impact on closing the net-zero gap by 2050.
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