Reducing industrial CO2 emissions

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Consumers today are looking for lower carbon products and services. Governments around the world are increasing regulations to reduce carbon emissions to meet their net zero greenhouse gas emissions targets. Navigating the path to net zero will create new opportunities for industrial manufacturing companies to embrace new technologies to accelerate lower carbon manufacturing. This article will delve into two essential focal points to improve CO2 reduction in the industrial sector:

• Increased energy efficiency through increased deployment of motor drives
• The impact of digital transformation strategies to deliver increased manufacturing efficiency

www.embedded.com/, Nov. 07, 2023 – 

The Paris Agreement in 2015 set out a plan to limit global warming to 1.5°C by 2050. Meeting the 1.5°C target in 2050 requires a >80% reduction in current CO2 emissions. The current trajectory is toward global warming of 1.9°C to 2.9°C, which will lead to a significant reduction in global GDP, displace up to 33% of the world population, and cost trillions of dollars in annual disaster-related losses.

The world has already warmed by 1.1°C and experts say that it is likely to breach 1.5°C in the 2030s. The challenge to meet the 1.5°C target is significant. It will require a shift in investment away from fossil fuels and toward energy efficiency, renewables, and nuclear power generation as well as carbon capture, utilization, and storage (CCUS) along with other low carbon areas. Figure 1 outlines a path to the 1.5°C target by reducing CO2 emissions to 6 Gt CO2, as covered in World Energy Outlook 2019.[1]

This study includes two major sections: the Stated Policies Scenario and the Sustainable Development Scenario. The Stated Policies Scenario considers only specific policy initiatives that have already been announced. The Sustainable Development Scenario describes a pathway that enables the world to meet climate, energy access, and air quality goals, and is fully compliant with the Paris Agreement. At the same time, it maintains a strong focus on the reliability and affordability of energy for a growing global population. The largest reduction in CO2 emission identified as part of the Paris Agreement is efficiency at 37%.1 Global energy-related CO2 emissions grew by 0.9% in 2022, reaching a new high of over 36.8 Gt. Emissions from industry declined by 1.7% to 9.2 Gt in 2022. With 25% of CO2 emissions coming from industry in 20221, accelerating industrial energy efficiency investments will be a key part of the path to net zero emissions in 2050.

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