World Economic Forum urges businesses to help ‘close the climate action gap’
The Alliance for CEO Climate Leaders, a CEO-led community facilitated by the World Economic Forum, has released a new report calling on businesses and governments to shift from incremental to systemic actions to meet climate goals. The report, Bold Measures to Close the Climate Action Gap: A Call for Systemic Change by Governments and Corporations, […]
Digitalisation to be ‘main driver’ of Operational Technology
Almost half (45%) of industrial companies believe digitalisation will be the primary reason that new operational technology (OT) job roles will be created in the next three years. The research, commissioned by Schneider Electric and carried out by Omdia, polled 407 industrial companies ranging from small and medium enterprises to large companies across western Europe […]
Synthetic biology has ‘vast potential’ across industries
The emerging field of synthetic biology will unlock several new realms of innovation, ranging from environmentally friendly luxury materials to novel cancer therapeutics and even using DNA as a new form of data storage. Not only that, synthetic biology potentially provides advanced solutions to global challenges such as food insecurity, climate change, and plastic pollution. […]
Carbon emissions reduction ‘requires rigorous compliance’ to net zero strategies
The carbon-intensive oil and gas industry is undergoing massive disruption with more countries and companies trying to implement net zero emissions by 2050 – but tackling emissions and supporting low-carbon industries will require a combination of well-designed regulation and increased investment in decarbonisation. That’s according to GlobalData, which cites that greenhouse gas (GHG) emissions generated […]
Energy crisis putting business Net Zero goals at risk
82% of UK business leaders say the energy crisis will impact their organisation’s ability to meet emissions reduction plans – Of that figure, around half of organisations say they are delaying planned investment in sustainability and net zero plans (49%). Just over one third of the same organisations (34%) say they now have more immediate […]
High-voltage switchgear demand to reach $30.3 billion
The global high-voltage (HV) switchgear market is forecast to reach $30.34 billion in 2027 from $25.02 billion in 2022, growing at a compound annual growth rate (CAGR) of 3.54% between 2023 and 2027. GlobalData’s latest report, “Switchgears for Power Transmission, Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Key Players and Forecast, […]
Corporate sustainability generating new business, not just carbon savings
Sustainability is not just about compliance and added costs – it can enable long-term value creation for companies, and in many cases, sustainability efforts can help save costs on materials, electricity, and water consumption. That’s according to the latest Sustainability Assessment: Large Industrial Solution Providers report from ABI Research, which asserts that companies that are […]
Importance of data collection and reporting highlighted in sustainability research
ABI Research’s latest Sustainability Assessment has analysed the sustainability activities of 10 of the world’s largest industrial manufacturing conglomerates, highlighting the importance of Scope 3 activities – particularly the robustness of data collection and reporting tools – for achieving industrial firm sustainability objectives. The Greenhouse Gas Protocol defines Scope 3 emissions as all value chain […]
Aston University awarded grant to make research more sustainable
An Aston University scientist has won a $25000 grant in the AstraZeneca Open Innovation CoSolve sustainability challenge to help to make research more sustainable and environmentally friendly Dr Vesna Najdanovic, senior lecturer in chemical engineering at the University’s Energy and Bioproducts Research Institute (EBRI), successfully pitched her idea to explore a new method using ethyl […]
EU Hydrogen Bank could bring renewable hydrogen costs below 1 euro/kg
By Jake Stones, ICIS ICIS data shows that renewable hydrogen could be sold for below €1/kg if a producer obtains the maximum support provided by the European Hydrogen Bank, according to the heads of terms for the bank published by the European Commission on 31 March. The bank, which was announced in September 2022, aims […]