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Steel is an essential material for economic development and growth because it is used in all areas of our everyday life. Around 1.87 billion tons of steel is produced each year – the equivalent of building 180,000 Eiffel towers – and more than half is used in building and infrastructure, but it is also heavily used in areas such as engineering, manufacturing, transportation, and energy production. According to the IEA, steel demand will increase by more than a third by 2050, particularly in emerging economies like China and India. ArcelorMittal has already proven itself to be a sustainability trailblazer ArcelorMittal, the world’s largest steel producer, is leading the charge for improved sustainability. The company already recycles 30 million tons of steel every year and is setting an example for how companies can minimize production’s environmental impact and improve operations’ circularity. These efforts reach beyond the traditional focus on recycling ....
Net Zero: DIY (Do It Yourself) Net Zero: DIY (Do It Yourself) by Mike Hughes Wednesday, March 3, 2021 - 2:05pm We have never spent more time in our own homes than we have in the past twelve months. It is no surprise then that consumer spending on home improvements is one sector that continues to experience growth, along with digital entertainment and consumer electronics. At the same time, 2020 has been a wakeup call for many to protect our planet. Tackling the climate emergency continues to gain mindshare, as more and more voices join the call to accelerate climate action. Governments across the UK and Europe have pledged to drive a green recovery as we emerge from this pandemic, and many consumers now say they would like their homes to be net zero within their lifetimes. ....
President Joe Biden has been busy in his first days in office, signing executive orders that set the stage for the environmental and social priorities for the next four years. Among these are several climate-related actions that will have downstream ramifications for companies pursuing renewable energy and carbon neutrality commitments. Here are the top four actions our team of experts is tracking – and their potential impacts on U.S. companies. 1. The Biden administration is serious about tackling the climate crisis at home and abroad President Biden fulfilled one of his most significant campaign promises on day one by recommitting the United States to the Paris climate agreement – a commitment that will be in force as of February 19, 2021. While mostly a symbolic gesture, the move signals to the rest of the world that the U.S. is reasserting itself as a climate leader. This may spur global competition in emissions reductions and encourage other countries to accelerat ....
On January 28th, 2021, Schneider Electric, the leader in the digital transformation of energy management and automation, introduced its Climate Change Advisory Service, an evolution of the firm’s existing consulting services designed to deliver a holistic solution to business’ sustainability challenges and climate action. The service is the first of its kind, balancing strategic vision and road mapping with the implementation of tangible actions and technology. The fully integrated approach spans energy management, resource efficiency, renewable energy procurement, carbon offsetting, value chain decarbonization, and AI-driven data collection and disclosure. Despite the Paris climate agreement and a multitude of pledges from thousands of global organizations, the world is still on track for an increase in the global temperature that will exceed the recommended 1.5 degrees Celsius threshold (having already warmed by an estimated 1.2 degrees Celsius over pre-industrial lev ....