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Innovator Founder and Editor-in-Chief Jennifer L. Schenker
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To reach the Paris climate targets, global emission levels will need to be cut in half by 2030, reach net-zero by 2050 and stay net negative throughout the second half of the century. Yet, a newly released BCG survey of 1,300 companies around the globe found that only 11% reduced their emissions in line with their stated ambitions over the past five years. What’s more, when they set their targets many companies are underestimating their carbon footprint by an average of 30% to 40%.
In a new study BCG maintains that artificial intelligence can help companies not only more accurately measure but also reduce carbon emissions. But using technology to measure carbon footprints and develop mitigation strategies is not enough.
Decarbonization technologies being developed by startups such as carbon-capture storage solutions and green fuels are needed to hit the global goal of net-zero emissions by 2050. To scale these green technologies and take them to market, at least a tenfold increase in investment is needed, according to How To Finance Industry Net-Zero, a World Economic Forum report released on Oct. 14.
Read on to learn more about this story and this week's most important technology news impacting business. |
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In recent months there has been lots of speculation about whether we are in a tech ‘bubble’ and when the bubble might pop. In an exclusive column for The Innovator former Cisco Executive Chairman John Chambers argues that we are not in a bubble but startups and corporates need to prepare for an eventual slowdown. |
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Who: Dirk Slama is a Vice President at Robert Bosch and a research fellow at Ferdinand-Steinbeis-Institute. As conference chair of Bosch ConnectedWorld, Slama helps shape the AIoT (artificial intelligence + Internet of Things) strategy of Bosch.
Topic: The cultural and technical challenges involved with combining artificial intelligence with the Internet of Things.
Quote: "With IoT I used to talk about a clash of two worlds: manufacturing and the Internet/Cloud. Now we are adding AI, which has a culture of its own, and we have a clash of three worlds. We really need to get these three cultures working under one umbrella."
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Circulor a UK scale-up, helps manufacturers and corporates track and manage their supply chains, support responsible sourcing, analyze supply chain emissions, and improve sustainability. It does this by creating a reliable chain of custody of materials and attaching sustainability and other environmental, social and governance (ESG) data.
Leveraging a combination of technologies, including blockchain, business logic and machine learning, Circulor assigns a digital identity to commodities and tracks the supply chain data and embedded carbon at each stage of production, recycling, and end-of-life.
BHP, Boeing, Volvo Cars, Jaguar Land Rover, TotalEnergies and Salesforce are customers and have all invested in the company.
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| Size of a funding round announced October 14 by Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes to ferry cargo and eventually passengers, Reliable co-founder and CEO Robert Rose told Reuters the funds will enable the four-year-old company to continue developing a system designed to deliver cargo across a network of smaller regional airports in automated planes remotely controlled by human pilots. “We’re looking to build a cargo carrier that can operate at a large scale,” Rose said. |
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DLD Sync: Cybersecurity, Why It Is A Matter of Diversity And Values, October 21, 2021Web Summit, November 1-4, 2021, Lisbon, PortugalUnited Nations Climate Change Conference (COP26), November 1-12, 2021, Glasgow, ScotlandSlush, December 1-2, 2021, Helsinki, Finland |
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