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Portugal : The country was one of the first in Europe to pledge carbon neutrality by 2050. Through decentralized energy systems, microgrids and smart grids, communities are diversifying their options for sourcing electricity and monitoring systems for more efficient use.
Its aggressive sustainability goals included achieving net zero emissions by 2050, making all packaging reusable or recyclable by 2025 and investing more than USD 3 billion globally over several years to drive momentum.
The market for sustainable technology is experiencing unprecedented growth, driven by several compelling factors: Economic benefits : Sustainable technology delivers cost savings and operationalefficiencies. McKinsey reports that companies adopting sustainable practices can reduce operatingcosts by up to 60%.
Though the technological investment comes at a higher cost than traditional dying equipment, the company has reduced operatingcosts in other ways, with shorter batch cycles, more efficient dye use, minimizing worker exposure to toxic chemicals, and avoiding wastewater treatments. It cuts waste and boosts recycling rates.
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