Moving to a Net Zero World With Energy & Transport Decarbonization
Transitioning to a net-zero world is one of the greatest challenges we are facing now. It calls for a complete transformation of how we produce, consume, and move about. As emissions continue to rise, it is becoming indispensable to keep global warming to no more than 1.5°C - to reach net zero by 2050^. For this, nations must make pledges and implement policies to encourage compliance and the onus is on us to achieve the goal. Achieving carbon neutrality must now be a priority for all corporations – by devising technological innovations to enable decarbonization.
Primary focus: decarbonization strategies in the transportation and energy sector
Most greenhouse gas emissions emanate from transportation and energy production. Accordingly, organizations operating at the intersection of energy and transportation will bear much of the responsibility to devise ways to achieve carbon neutrality.
These industries face significant challenges in the decarbonization journey like the need for the transportation industry to electrify most vehicles. Already, California and Texas have been forced to request that residents restrict the charging of electric vehicles (EVs).^^
Hitachi’s role in decarbonization and sustainability
Hitachi, the climate change innovator, is committed to achieving carbon neutrality by minimizing carbon emissions. We have focused on reducing energy consumption and emissions from our factories and facilities, and from suppliers that provide goods, services, and materials to Hitachi.
Hitachi’s efforts in the transition to carbon-neutral focus on three main areas:
1. Digital technologies like advanced data science, artificial intelligence, and IoT.
2. Green technologies like renewables, nuclear, and EVs.
3. Social innovation solutions applied to energy, transportation, and other industries.
We’re using the knowledge we gained from our journey to carbon neutrality to help ease and speed up decarbonization for global organizations.
Early progress leads to future success
Recently, Hitachi partnered with Snohomish County Public Utility District (SnoPUD) to put its decarbonization expertise to work. Together, Hitachi and SnoPUD built a next-generation microgrid that provides reliable power, utilizes vehicle-to-grid (V2G) power for resiliency, and powers the utility’s operations exclusively with renewable energy.
Projects such as the Hitachi-SnoPUD partnership blaze the trail to sustainability, proving the concepts and technologies that must be deployed worldwide in achieving the 2050 goal of carbon neutrality. They also illustrate the value of strategic partnership in the global transition from fossil fuels to sustainable, clean forms of energy.
Decarbonization of energy – finding opportunities
By deploying the right strategies and technologies, organizations can contribute to the global drive toward decarbonization while profiting greatly from their efforts. But many corporations struggle to make this vision a reality. A recent survey by the Boston Consulting Group found that while two-thirds of surveyed companies consider climate and sustainability to be a top priority, only 20% of them are positioned to make real progress in achieving their decarbonization goals.^^^
If your organization faces similar challenges, Hitachi is here to assist you in achieving sustainability transformation and contributing to the global push to 2050.
Discover how Hitachi is driving social innovation and digital transformation in Transportation:
Discover how Hitachi is driving social innovation and digital transformation in Energy:
---------------------------------------------------- Sources
^ https://www.iea.org/reports/net-zero-by-2050
^^ Livia Albeck-Ripka, “Amid Heat Wave, California Asks Electric Vehicle Owners to Limit Charging,” New York Times, September 1, 2022 https://www.nytimes.com/2022/09/01/us/california-heat-wave-flex-alert-ac-ev-charging.html
^^^ Justin Manly, Michael Ringel, et al., ”Are You Ready for Green Growth?,“ https://www.bcg.com/publications/2022/innovation-in-climate-and-sustainability-will-lead-to-green-growth