ENERGY TECHNOLOGY
Many landmark achievements came from COP28 in Dubai back in November . The most groundbreaking of which was almost 200 countries at the summit pledging to transition away from fossil fuels to avert the worst effects of climate change . But in the months since , some questions are still bouncing around as to what methods will make the biggest impact in working toward this colossal goal .
For Capgemini ’ s Florent Andrillion , climate tech has the ability to play a big part in the answer .
The discussion on climate tech and its implications for sustainability significantly applies to the energy sector , he believes . With renewable energy sources like solar , wind and hydropower crucial to decarbonising energy production and reducing greenhouse gas emissions , solutions to mitigate impact in other areas of energy production are vital to decarbonisation goals .
Capgemini ’ s latest climate tech report : Climate Tech : Harnessing the power of technology for a sustainable future , examines climate tech ’ s role in helping battle climate change and the barriers faced in adopting it . One of the key findings of the report is that despite many of the technologies able to address climate change being readily available to reduce greenhouse gas emissions , the ‘ green premium ’ – the additional cost of pollution-free production – stands in the way of 77 % of organisations adopting it . This premium is only set to rise as climate technology becomes increasingly integral .
Climate tech : Key to decarbonisation ? Three quarters of organisations say they will not achieve their sustainability goals without climate tech , Capgemini ’ s research suggests . Unwilling or unable to pay the markup associated with climate technologies essential to fighting the climate crisis , it ’ s predicted that the average increase in product cost due to climate tech adoption – the green premium – that organisations are willing to accept is under 9 %. However , the existing green premium for a vast array of clean products sits significantly higher than this .
148 April 2024