Schneider Electric's 2030 Climate Goals

We need to be at least 3x more ambitious to be on track by 2030 to meet our 2050 climate goals. The good news however is that today’s technology are enough, if we act now, and focus on what can bring realistic abatement by 2030.

With Climate Week NYC starting on Monday, there’s no better time for action. Read how we can accelerate decarbonization by 2030 and get back on course (Schneider Electric™ Sustainability Research Institute): https://lnkd.in/gQ5nvixe

Addressing the 2030 Climate Change Imperative

So, what can we do about this? Our results point to the need for three key actions to be taken:

1. There should be a renewed focus on addressing easy to abate sectors. Within the global discourse, much attention is paid to the need to reduce emissions arising from hard to abate sectors like heavy industry and long-haul shipping. Although advancing solutions in these areas will be critical for achieving net zero by 2050, they are not yet deployable at scale. There thus needs to be a greater emphasis on increasing the uptake of already-developed green technologies in the run-up to 2030.

2. Business has a greater role to play in meeting our 2030 climate change challenge. The development of effective and efficient value chains will prove key to ensuring that greener technologies are sufficiently implemented. To facilitate this, large corporations must accelerate their environmental ambitions in the run-up to 2030 and support small-to-medium enterprises, in their supply chains, to also reduce their emissions.

3. Governments must modernize policy frameworks to facilitate decarbonization objectives. Current legislative frameworks often tacitly promote the use of less environmentally-friendly products or fuel sources. For example, in the European Union, taxation rates for electricity usage are, on average, four times higher than for the equivalent use of gas. Common frameworks should be adopted to funnel investments, monitor progress, and reward adopters of more environmentally-friendly products and practices.

The challenge we face between now and 2030 is massive. But the solutions to overcome it exist. What’s left is for us to act, with haste and without hesitation.

For full details of Schneider Electric’s 2030 climate change modeling, click here.