This is one reason why SMEs do not meet sustainability targets

This is one reason why SMEs do not meet sustainability.jpgsignature5a06fe5c051676b51ae91c73460e152c

According to the UN, we have now five times the number of recorded weather disasters than we had in 1970, from wildfires across Greece and Turkey to floods in Indonesia, Germany and Belgium. As General Secretary Antonio Guterres said earlier this year, "We have reached a high level of need for climate action."

The EU has set ambitious targets with what it has New Green Contract, that is the goal of cutting emissions by 55% (compared to 1990 levels) by 2030. But the solution is much more complex than just setting targets. SMEs in particular find it difficult to maintain.

There are several reasons for this that we are exploring in a series of articles along with the New Energy Challenge. In our last article about green hydrogen, we identified the need to make other energy cheaper for SMEs. In this article, we would like to dive deeper into the reporting gap.

The time when carbon footprint data was used is just to inform the annual sustainability report: active decarbonisation policies are becoming the norm. Transparent and efficient use of data helps build confidence in decarbonising activities, which is why businesses take a data-driven approach to sustainability. Sounds simple, right?

Carbon accounting practices need to be gradual, but soon, more accurate, more precise and clearer to run businesses efficiently in the future. Many companies, especially SMEs, do not have the data solutions and insights they need to get a complete picture of their carbon footprint and the impact of their decarbonisation efforts. But several startups and scales are working to develop innovative new solutions.

The New Energy Challenge will attract the most promising start - up and scale companies that will make a lasting impact on the energy system from across Europe and Israel each year. To find out more about the reporting gap, we spoke to four competitors this year Last Day of New Energy Challenge (registered to watch the broadcast on 28 October 2022).

Benefiting from the power of aggregated data, IoT, and smart technology, they help companies and urban areas drill deeper into their data emissions and sustainability. Here is what they had to say:

Index

    Everimpact: resist climate change with data

    "To close the reporting gap, new technologies for tracking carbon emissions are important," said Mathieu Carlier, CEO and founder Victory ever, a start - up company tackling climate change by helping companies reduce greenhouse gas emissions. "But they need to be supported by rules and a price on carbon that can be balanced."

    With climate change a common problem and cities accounting for more 70% of global carbon emissions, the use of technology to monitor emissions data is important for policy analysis and setting priorities for initiatives to reduce nation emissions.

    "Accurate and accurate data is the basis for smart decisions," said Carlier.

    Through the use of data, Everimpact has developed an accurate way to track emissions in cities based on continuous measurements, rather than conventional estimates. Using IoT software that combines satellite imagery and terrestrial sensors, continuous reporting is possible with major dashboard updates every 15 minutes. This paves the way for cities to access financing through green bonds, impact on investment instruments, and carbon trading. As Carlier explained:

    Today, cities are not making good use of these opportunities. Many others, especially commercial organizations, do, but cities do not. This is usually due to knowledge gaps in city administrators about these financial instruments and also due to the lack of reliable, validated data that influential investors or carbon traders need.

    Dijon in France is one example, and the first city in the country to use Everimpact technology with 40 sensors to monitor emissions in real time. These data help Dijon attract large private sector funding to fund the city's climate activities.

    Zeigo: Pushing the way to renewable resources

    "There needs to be more government support and a carbon tax," said Juan Pablo Cerda, founder and CEO Zeigo, a climate technology platform connecting companies looking to go green with renewable energy generators.

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    Commenting on closing the reporting gap on sustainability goals, he said:

    Reporting on the sustainability and positioning of the strategy to reduce carbon emissions is important for small businesses, but it is also very relevant. SMEs can find it difficult to know where to start. Prior to the advent of COP26, there are helpful initiatives such as the DA SME Climate Hub and Tech Zero on which we have merged.

    Zeigo, which has customers such as Accenture, London Gatwick Airport, Network Rail, and Welsh Water, uses smart data and technology to solve clean energy problems. Unlike conventional advisors, Cerda explains that Zeigo consolidates its position as a technically neutral platform with no specific relationship with any player in the market.

    “Not only do we help companies make informed decisions, we also help developers and generators understand high-quality data about the industry by providing them with market reports and prices, so that they keep their projects competitive, "he said.

    With Zeigo's focus on accelerating the transition to renewable energy, the company is using technology to simplify the process of the energy purchase agreement (PPA) for obtaining clean energy. In addition, his partnerships with, and commitment to, Bloomberg and S&P Platts reach net zero emissions by 2050 by teaming up with TechZero, a climate action group, continues to lead visibility in the industry.

    FlexiDAO: Empowering companies to achieve zero carbon energy

    "Given the urgency of climate change, it is time to commit to stronger governance [to bridge the reporting gap], ”Said Giacomo Bravaccini, marketing manager at FlexiDAO, a cleantech startup company that provides software and consulting solutions helping companies reach their carbon-free energy goals. "However, this kind of intervention is not the silver bullet."

    Trusted by Microsoft, Orsted, Total, and Vodafone, to name a few, FlexiDAO's mission is to help companies buy carbon - free electricity around the clock and reach zero emissions. Providing software solutions and consulting services, FlexiDAO is working on their vision of turning a 24/7 carbon-free electricity supply into a widely accepted market practice, pushing real non-profit. grid carbonation. Bravaccini explained:

    With the continued electrification of our society, companies are demanding new solutions to monitor their renewable electricity supply strategies and to set, monitor, validate and report on their achievements.

    Thanks to the FlexiDAO software solution, advanced renewable energy customers are monitoring their PPAs. In doing so, the cleaning technology company delivers clear visions designed to improve the efficiency of their renewable energy strategies, towards becoming carbon-free electricity consumers 24 / 7.

    Neuville Grid Data: Enables the transformation of electrical energy

    “By making solar farms, wind turbines, battery storage, EV cost, and even hydrogen production more productive, cost-effective and reliable, we can increase the asset performance of low-carbon technology with a similar reduction in it. their carbon emissions, ”said Clarke. Simmons, managing director at Neuville grid data, grid power monitoring network.

    By developing digital infrastructure technology that will enable the electric power sector to improve the performance of its assets, Neuville Grid Data allows grid operators to better manage grid stability issues. This is all due to advanced analysis and high resolution data.

    Neuville Grid Data collects information at solar farms and other electric power infrastructure and collects over 2,000 electrical parameters. With timetables synchronized to less than 100 nanoseconds, unprecedented analysis and visualization results will be possible, Simmons says.

    “For example, avoiding unplanned breakage due to transformational failure will help keep the plant up, functioning and achieving low carbon yields,” Simmons said.

    We see our technology and the fully structured data that we can deliver as a much - needed enabler in the electric energy transformation that is taking place now.

    It is clear that SMEs need new, affordable solutions to help them better understand where they are and what they can do to achieve sustainability goals. It is startup companies and scales like this that will help them get there.

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