Industrial decarbonization is good for business
BOSTON — It is not easy to be optimistic about climate change nowadays. In the United States, President Donald Trump’s administration has eliminated incentives for clean-energy investment, slashed funding for numerous private-sector projects, and rescinded long-standing rules limiting greenhouse-gas (GHG) emissions from vehicles and power plants. Even in Europe, a longtime climate-policy leader,…
Industrial decarbonization is not only achievable, but it also proves to be beneficial for businesses, according to recent findings from the Massachusetts Institute of Technology (MIT). Despite the challenging climate policy environment in both the United States and Europe, multinational companies are making significant strides in reducing their greenhouse gas (GHG) emissions while simultaneously boosting productivity and revenue growth.
MIT's research team examined various multinational corporations that have adopted industrial decarbonization strategies amidst global headwinds. The study revealed that these firms are successfully increasing efficiency, expanding their revenue, and simultaneously reducing their carbon footprint. One such example comes from Siemens, a prominent German company, which has capitalized on the rising demand for data-center services in Fort Worth, Texas, to achieve these goals.
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- Industrial decarbonization is good for business koreatimes.co.kr
