Advances in technologies such as AI, machine learning (ML), the Internet of Things (IoT) and cloud computing are playing a key role in achieving the ambitious goal of reaching the 1.5°C trajectory by 2050.
Cloud computing, with its immense computing, storage, and networking capabilities, has been recognised for its role in facilitating decarbonisation. The recent McKinsey study highlights the potential for cloud-based technologies to accelerate 47% of the 217 decarbonisation initiatives required, potentially contributing hundreds of billions of dollars annually to these efforts.
This could lead to a significant reduction in CO2 emissions, estimated at 32 metric gigatonnes by 2050.
AI and data exchange for scope 3 transparency are among the key areas where these technologies are making a difference. Cloud-based data lake technologies can improve the observability and transparency of data in supply chains, which is crucial for managing Scope 3 emissions.
The role of IoT in transitioning physical assets is also noteworthy.
Digital twins, powered by IoT, can facilitate the efficient transition of physical assets to lower emission alternatives, potentially reducing energy consumption by 10% and aiding the transition to low-emission assets.
In addition, machine learning (ML) plays a crucial role in optimizing resources. The high-performance computing capabilities of cloud computing enable the development of complex ML models, which are essential for balancing costs and carbon emissions across a range of initiatives.
In manufacturing, over 210 cloud use cases have been identified, including digital twins, real-time analytics, and simulators for product design. In the transport sector, cloud technologies have the potential to reduce up to 2.8 GtCO2e by 2050. This reduction can be achieved mainly by optimizing loads and routes and improving visibility of Scope 3 emissions.
Businesses should develop a technology-based decarbonisation plan, understanding the potential of cloud technologies for each initiative, and create an investment and implementation plan. This strategic approach will maximise the benefits of decarbonisation and align with wider business strategies.
Cloud-based technologies provide significant time and cost savings and enable effective compliance with evolving sustainability regulations. As decarbonisation becomes a priority for industries worldwide, the strategic adoption of these technologies will be a key differentiator for companies leading the charge in sustainability efforts.
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