Digital Efficiency Could Move the World toward COP21 Goals
As the regional and global community looks for ways to achieve the emission-reduction goals set out at the 2015 Paris Climate Conference (COP21), there’s a digital way that has the potential to move signatories as much as 30% of the way.
If industry across the world adopted digital efficiency applications – such as those already being put in place by companies in the region – global industry could potentially cut 823 metric tons of CO2 emissions annually. That’s equivalent to taking 174 million cars off the road. What’s more, these technologies could save global industry as much as US$81 billion a year in fuel costs, as reported in a recently released white paper by GE..
Called “Unlocking the Low-Carbon Economy with Digital Technologies,” the white paper says that digitization – though the integration of embedded sensors, data analytics and connected platforms – has initiated a new age of competitiveness for business, significantly reducing natural resource use, minimizing environmental impact and delivering substantial cost savings.
The report’s analysis indicates that by 2030, the global gap between individual country carbon dioxide targets under COP21 and “business-as-usual” carbon dioxide emissions is expected to grow to 2.6 gigatons of CO2/year by 2030.As such the 823 metric tons of CO2 savings from industry’s adoption of digital solutions represents 30% of that 2.6 gigaton total.
“We are working closely with our partners in the region to support local economies in achieving their energy and economic diversification goals. Masdar, Saudi Aramco, and RasGas represent just some of those partners who are among the first adopters of digital solutions,” said Deb Frodl, Global Executive Director of GE Ecomagination.
GE has been working with its partners on digital industrial technologies that help achieve enhanced productivity, efficiency and asset optimization. For example, RasGas Company Limited, one of the world’s largest and pioneering producers of liquefied natural gas (LNG), is marking the first global deployment of Industrial Internet technologies in the LNG sector.
In the UAE, Masdar is working with GE to pilot and commercialize sustainable energy-neutral advanced wastewater treatment solutions in the MENAT region, and jointly develop with GE Industrial Internet solutions to optimize efficiencies.
GE Oil & Gas Digital is introducing its first Asset Performance Management (APM) solution to reside on Saudi Aramco’s business network for the Aramco Jazan Complex Integrated Manufacturing Operations Management System (IMOMS).
This is part of a larger movement enabled by the Industrial Internet that includes both large companies, and start-ups, from across the industrial and technology sectors, working together on innovation and implementation to realize the dramatic economic and environmental potential of digital efficiency.
GE unveiled the report’s key finds at the World Future Energy Summit 2017 in Abu Dhabi and is distributing copies of the white paper at it stand at the summit.
Looking at how digital solutions could impact specific sectors, the white paper estimates that in the power sector, annual cost savings could reach US$14 billion, with CO2 emission reductions of 495 metric tons a year. In lighting, the cost savings could reach US$30 billion, with emission reductions of 132 metric tons.
In aviation, the savings could be as much as US$14 billion, cutting emissions by 45 metric tons. Ground transportation could see savings of US$20 billion and a drop in emissions of 132 metric tons, while the rail sector could save US$3 billion and reduce emissions by 19 metric tons.
GE’s Industrial Internet operating system, Predix, is playing a pivotal role in providing a foundation for a range of digital solutions that improve energy and water efficiency across aviation, railways, ground transportation, manufacturing facilities, power plants and buildings.
The report draws on the experience of GE’s Ecomagination business strategy to deploy sustainable solutions that provide economic and environmental outcomes.
The World Future Energy Summit 2017 is held as part of Abu Dhabi Sustainability Week, which runs January 14-21.