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What are the emerging technologies and innovations that can help you reduce your carbon emissions?

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Reducing your carbon emissions is not only good for the environment, but also for your reputation, profitability, and resilience. However, achieving carbon neutrality or carbon negativity may seem daunting or expensive. Fortunately, there are many emerging technologies and innovations that can help you lower your carbon footprint and even create value from your emissions. Here are some examples of how you can leverage these solutions for your corporate sustainability goals.

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Tahmina Day, MBA, CERP

Sustainability Leader | Risk Strategist | Head of ESG

1 Carbon capture and utilization

Carbon capture and utilization (CCU) is the process of capturing carbon dioxide (CO2) from various sources, such as industrial flue gases, biogas, or ambient air, and converting it into useful products, such as fuels, chemicals, plastics, or building materials. CCU can reduce the amount of CO2 released into the atmosphere, while also creating new revenue streams and reducing dependence on fossil fuels. Some examples of CCU technologies are direct air capture (DAC), which extracts CO2 from the air using chemical or physical methods, and electrochemical CO2 reduction, which uses electricity to transform CO2 into carbon-based compounds.

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Tahmina Day, MBA, CERP

Sustainability Leader | Risk Strategist | Head of ESG
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CCU involves trapping CO2 emissions and converting them into valuable products or storing them safely. Methods include direct air capture, utilization in industries like concrete production, and enhanced oil recovery. Despite its potential in mitigating climate change, high costs have limited its widespread implementation. Innovative companies like Climeworks, CarbonCure are pioneering various CCU technologies, transforming waste CO2 into renewable fuels and building materials.

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2 Renewable energy and storage

Renewable energy sources, such as solar, wind, hydro, or biomass, can provide clean and abundant power for your operations, while reducing your reliance on fossil fuels and grid electricity. However, renewable energy can also be intermittent and variable, depending on the weather and time of day. Therefore, you need to have reliable and efficient energy storage systems that can store excess energy when supply is high and release it when demand is low. Some examples of energy storage technologies are batteries, which use chemical reactions to store and deliver electricity, and hydrogen, which can be produced from water using renewable electricity and used as a fuel or a feedstock.

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Tahmina Day, MBA, CERP

Sustainability Leader | Risk Strategist | Head of ESG
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Renewable energy and storage are utilized around the world, for example by Tesla's Gigafactory producing batteries for energy storage and the Hornsdale Power Reserve acting as the world's largest lithium-ion installation. From green hydrogen projects to virtual power plants, the current developments highlight the global push towards sustainable energy.

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3 Circular economy and waste management

Circular economy is a concept that aims to minimize waste and maximize resource efficiency by designing products and processes that can be reused, repaired, recycled, or regenerated. By adopting circular economy principles, you can reduce your material and energy consumption, extend the life cycle of your products, and create new business opportunities and value from waste. Some examples of circular economy practices are remanufacturing, which restores used products to their original condition or better, and biorefining, which converts organic waste into biofuels, bioplastics, or bioproducts.

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Tahmina Day, MBA, CERP

Sustainability Leader | Risk Strategist | Head of ESG
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It's also important to highlight the concept of "industrial symbiosis" in the circular economy. This is where the waste products from one process become the raw materials for another. This approach aims to create a closed-loop system where virtually no waste exists, as all materials are continually cycled back into the production chain.

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4 Green transportation and mobility

Transportation and mobility are essential for your business activities, but they also account for a significant share of your carbon emissions. Therefore, you need to find ways to optimize your transportation and mobility systems, while reducing your environmental impact. Some examples of green transportation and mobility technologies are electric vehicles (EVs), which run on batteries or fuel cells instead of gasoline or diesel, and smart mobility solutions, which use digital platforms and data analytics to improve the efficiency and convenience of transport modes and services.

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5 Digital transformation and automation

Digital transformation and automation are not only drivers of innovation and productivity, but also enablers of carbon reduction. By using digital technologies and automation tools, you can optimize your processes, improve your performance, and reduce your energy and resource consumption. Some examples of digital transformation and automation technologies are cloud computing, which allows you to access data and applications over the internet instead of using physical servers and devices, and artificial intelligence (AI), which can help you analyze data, make decisions, and automate tasks.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the emerging technologies and innovations that can help you reduce your carbon emissions?

1

2

3

4

5

6

1 Carbon capture and utilization

2 Renewable energy and storage

3 Circular economy and waste management

4 Green transportation and mobility

5 Digital transformation and automation

6 Here’s what else to consider

Sustainability

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What are the emerging technologies and innovations that can help you reduce your carbon emissions?

1

2

3

4

5

6

1 Carbon capture and utilization

2 Renewable energy and storage

3 Circular economy and waste management

4 Green transportation and mobility

5 Digital transformation and automation

6 Here’s what else to consider

Sustainability

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