[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-energy-efficiency-movement-report-industry-can-cut-carbon-emissions-by-11-percent-and-save-us-437b":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fR4DoeVRVekscO3pYCsJIt6KjRPIynjtNlytHFj6IDMg":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},687,"Energy Efficiency Movement Report: Industry Can Cut Carbon Emissions by 11 Percent and Save US$ 437B","energy-efficiency-movement-report-industry-can-cut-carbon-emissions-by-11-percent-and-save-us-437b","Discover how the Energy Efficiency Movement's new report reveals that industrial sectors can slash carbon emissions by 11% and save US$437B by 2030.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FOctober2023\u002FABB.jpg\" alt=\"\" width=\"265\" height=\"172\">Energy Efficiency Movement (EEM) presents a new report outlining how businesses can begin taking immediate action in response to the unprecedented challenge of meeting global decarbonization targets amid rising demand. The EEM is a global forum founded by ABB and now consisting of more than 400 organizations that share ideas, best practices, and commitments to create a more energy-efficient world. The report published, ‘The Case for Industrial Energy Efficiency’ aims to give corporate leaders key insights into 10 measures that rely on mature technologies, have a meaningful impact on costs and emissions, and can be deployed quickly without complex or expensive projects. Building on the ‘Industrial Energy Efficiency Playbook’, published in 2022 by the EEM, the new guide helps corporations address one of the biggest barriers to energy efficiency: building their own business cases. In some instances, the savings arising from efficiency measures mean that transformation projects can be self-funding. Elsewhere, the report reveals investments in efficiency can serve as a valuable hedge against energy and carbon price volatility while helping to meet voluntary targets and regulatory goals.\u003C\u002Fp>\r\n\u003Cp>Doubling efficiency by 2030 could cut greenhouse gas emissions by almost a third compared to today’s levels, according to the International Energy Agency (IEA), and for industrial players, the opportunity is immense. The Energy Efficiency Movement estimates that if applied across industry, the 10 simple measures in this guide could save 1.5 gigatons of carbon emissions a year by 2024 and 4 gigatons by 2030, the equivalent of taking around three-fifths of the world’s internal combustion vehicles off the roads. These estimates are based on mid-range scenarios, yet it still equate to an 11 percent reduction in annual global carbon forecasts by 2030. Using the more ambitious scenario, the savings would go up to 5.3 gigatons, or nearly 15 percent of total 2030 emissions. For five of the 10 actions where financial savings can be meaningfully calculated, industry could be saving around US$ 172 billion a year in 2024 and roughly US$ 437 billion annually by 2030. Using the more ambitious scenario, the savings will go up to US$ 590 billion annually by 2030. Actions highlighted in the report include conducting energy audits, rightsizing industrial assets, bringing connectivity to physical assets, and using high-efficiency motors, among others.\u003C\u002Fp>\r\n\u003Cp>“Ahead of COP28, it is important to demonstrate that there are mature and concrete technology solutions readily available to address the global warming issues we are facing,” said Tarak Mehta, President, Motion Business Area, ABB. “Since renewables can only provide a part of the answer, the critical role energy efficiency plays in accelerating the energy transition toward reaching net-zero emissions by 2050 is undeniable. The urgency is for the private sector to act now. This new report is designed to help speed the adoption of best practices by showing businesses how to realize the full potential of environmental and financial benefits.”\u003C\u002Fp>\r\n\u003Cp>Recently, the IEA called for a ramp-up on annual energy efficiency progress from 2.2 percent today to over 4 percent annually by 2030 and recommends tripling annual efficiency-related investment for an energy-efficient future. Furthermore, the IEA stated that achieving this goal of doubling the rate of progress will require a tripling in annual efficiency-related investment, from US$ 600 billion today to US$ 1.8 trillion by the end of the decade. The EEM sees this guide as a contribution to this important call to action from the IEA.\u003C\u002Fp>\r\n\u003Cp>The results for emissions reduction, industry savings, and gross domestic product (GDP) growth are based on modeling commissioned by the EEM from Development Economics, an independent economic impact assessment provider. From May to October 2023, Development Economics undertook rigorous modeling of the economic and emissions outlook for each action in the guide. The modeling incorporated the best available data and included input from subject matter experts at leading industrial players including ABB, Alfa Laval, and Microsoft. Expert advice was also provided by the IEA.\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.abb.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FOctober2023\u002Ff2zCSR225MP0jFy6jOsZ.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FOctober2023\u002Ff2zCSR225MP0jFy6jOsZ.jpg","2023-10-27T05:13:36+05:30","MWM Desk","News",0,"The Energy Efficiency Movement identifies 10 mature, rapid-deployment technologies to reduce industrial carbon footprints.\nImplementing these measures could cut global carbon emissions by 4 gigatons annually by 2030.\nIndustrial players stand to save US$437 billion annually by 2030 through strategic energy efficiency investments.","As global demand for energy rises, the path to net-zero is becoming increasingly critical for the industrial sector. A new report from the Energy Efficiency Movement (EEM) provides a definitive roadmap for corporate leaders to accelerate decarbonization. By leveraging 10 mature, readily available technologies, businesses can drive meaningful change without complex, long-term projects. The data is compelling: we are talking about an 11% reduction in global carbon emissions and a staggering US$437 billion in potential annual savings by 2030. These aren't just environmental goals; they are sound business strategies that hedge against volatility and boost the bottom line. It is time for the private sector to bridge the gap between intent and action. How is your organization prioritizing efficiency in its operations? #EnergyEfficiency #Sustainability #IndustrialInnovation","New report: Industrial sectors can cut carbon emissions by 11% and save US$437B by 2030 using existing, mature tech. It’s time for businesses to turn efficiency goals into financial reality. #Sustainability #EnergyEfficiency","Big news for the industrial world! 🌍 The Energy Efficiency Movement just dropped a report showing how businesses can cut carbon emissions by 11% and save a massive US$437 billion annually by 2030. 📉💸 It’s not just about going green—it’s about using smart, mature tech to make operations more efficient and cost-effective. From high-efficiency motors to energy audits, the solutions are ready to deploy *now*. The private sector has a huge role to play in the transition to net-zero. Is your company on board? 🚀 #GreenBusiness #Sustainability #EnergyEfficiency #Decarbonization #CleanTech #IndustrialTech #NetZero",{"title":6,"description":8,"keywords":21},"energy efficiency, industrial decarbonization, carbon emissions, sustainability, energy savings, net-zero emissions, green technology, abb, corporate sustainability, industrial strategy",{"title":23,"slug":24,"imageUrl":25},"HANNOVER MESSE to Co-Host 2024 Research and Innovation Summit: Focusing on AI","hannover-messe-to-co-host-2024-research-and-innovation-summit-focusing-on-ai","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FOctober2023\u002Fp1daq95SeluBcUpxRnY2.jpg",{"title":27,"slug":28,"imageUrl":29},"AVEVA Introduces Advanced Analytics and Data Infrastructure for Sustainable Industrial 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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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