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To accelerate the energy transition, companies in the sector should look to pursue digital transformation.
This interplay and overlap between digital transformation and the energy transition was a key theme of an event hosted by GE Vernovas Digital business last week in Dubai: GE Digital Transform: Exploring the Intersection of Digital Transformation and Energy Transition.
The event hosted customers and stakeholders from across the Middle East and Africa.
It explored technologies and outcomes, as well as the change management required to implement these solutions, as part of a broader commitment to supporting customers along the energy transition and decarbonisation journey.
"In an environment where energy and industrial firms are facing multiple challenges, including cost containment, and regulatory and market requirements to address their environmental footprint, digital transformation creates the perfect opportunity to address these topics and more," said Mark Wise, Chief Commercial officer, GE Vernovas Digital Business.
In early September, the UN reported that global emissions need to fall 43% by 2030 and 60% by 2035.
It found that although we have made progress toward emissions reduction since 2015, when the world was headed for a 3-degree Celsius rise, on our current trajectory, we are still headed for a 2.5-degree rise, far above the 1.5-degree target at which climate crises begin to balloon far beyond what we already are seeing.
The UN study states that industrial emissions comprise 25% of global emissions and identifies energy efficiency improvements as one important pathway to reducing the sectors emissions.
The study notes that energy efficiency improvements in industry could not only make a big difference, but also are low cost - on the same scale as solar and wind power generation.
GE Vernova said that one of the most effective ways to drive operational efficiencies -which often include or result in energy efficiencies - is to pursue digital transformation.
"For energy companies, digitising operations can result in quality, safety, and performance improvements, as well as emission reductions." |
