Energy Digital Magazine April 2024 | Page 103

NET ZERO & PLANET
collaboration with startups – like what ’ s happening within Schneider Electric – and offering resources throughout their growth stages allows for technological breakthroughs to be uncovered at a more rapid pace .
“ We ’ re deeply committed to driving innovation that will lead us towards a net-zero future ,” she says with strong will .
Collaboration essential to net zero being within reach By design , achieving net zero – especially across Scope 3 – requires a lot of innovative approaches , and cannot be attained alone . This is why working together across industries , governments and communities , and the knowledge sharing and accelerated adoption of sustainable practices it leverages , is critical to doing so in ample time .
“ Government support , informed by industry expertise , will be imperative to ensure countries and businesses can meet net zero targets and gain the economic and energy security benefits of a successful transition ,” Brown says .
“ Economic incentives and disincentives have a significant impact on the viability of decarbonisation projects and we ’ ve seen how government programmes have helped to mitigate risk in renewables projects . It provides the security to scale these efforts at the necessary pace .
“ But the job is certainly not done . While global energy transition spending hit record highs of US $ 1.8tn in 2023 , that needs to double for the world to meet net zero targets by 2050 .
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