ENERGY TECHNOLOGY
where green premium is fading away or when they have no other choices due to regulatory pressure .
“ But despite the challenges , there are pockets of rapid scale up in climate tech adoption . Executives in these areas expect adoption of technology to spread rapidly : within three years for EVs in the automotive industry , within four years for solar PV in the energy and utilities sector , within three years for SAF in the aviation industry and within two years for carbon capture in the cement industry .
“ Many major climate technologies are now getting closer to their ‘ tipping point ’ and will become mainstream as the regulation evolves toward a higher cost of carbon and more stringent regulation on mitigation across industries ,” Andrillon foresees . “ Organisations will also need to adopt them when they have activated all the possible levers to reduce emissions and will need to switch to low or non emissive solutions .”
As well as this , Andrillon advocates for there to be a shift in organisations ’ C-suites , and proposes the increase in the number of Decarbonisation Officers to operate alongside Sustainability Officers with profiles coming more from the product or manufacturing sides to action meaningful change .
He concludes : “ The transition to a low-carbon economy is as big as the Industrial Revolution , but we need to deliver it at the pace of the Digital Revolution . The next challenge is scaling new technologies at an unprecedented speed , for which more substantive work , more public support , and more investment are urgently required .”
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