At Schneider Electric’s Innovation Summit in Paris, CEO Peter Herweck championed the pivotal role of AI and digitalization in driving the necessary energy transition and reducing CO2 emissions. The company unveiled new solutions aimed at accelerating this transition, underscoring its commitment to leveraging technology for a sustainable future.
A Call for Global Action
Herweck emphasized the urgency for global leaders to intensify their efforts in combating climate change, citing the potential to save $2 trillion by 2030 through the adoption of decarbonization technologies. He stressed that existing technology could eliminate up to 70% of CO2 emissions from the energy sector, urging swift action from industries worldwide.
Addressing Rising Energy Demand
Anticipating a surge in energy demand driven by population growth and expanded access to energy, Schneider Electric foresees significant challenges ahead. With an estimated three billion more people requiring energy by 2050, particularly in regions like India, the Middle East, and Africa, the company underscores the importance of sustainable energy solutions to meet this demand responsibly.
AI as a Catalyst for Change
Schneider Electric highlights the transformative potential of AI, automation, and digitization in reducing carbon emissions and enhancing energy efficiency. Through initiatives like Materialize, a platform facilitating decarbonization efforts in critical industries, the company aims to enable sustainable practices and drive global progress toward net-zero emissions.
Overcoming Challenges and Accelerating Transition
While strides have been made in Europe towards net-zero goals, Schneider Electric acknowledges the need to overcome bureaucratic barriers and accelerate clean energy deployment. The company advocates for streamlined procedures and increased collaboration among stakeholders to facilitate the transition to renewable energy sources, promoting both competitiveness and sustainability on a global scale.
SOURCE: Ref Image from Euronews
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