Schneider Electric Calls for a Rethink of Investment Priorities to Break the Supply Vs. Demand Deadlock and Accelerate Climate Action at the WEF in Davos

Schneider Electric Calls for a Rethink of Investment Priorities to Break the Supply Vs. Demand Deadlock and Accelerate Climate Action at the WEF in Davos

May 20, 2022 by Business Wire Energy News

Key Facts

  • MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, is calling for an urgent rethink of investment priorities and greater collective action to spur global climate change efforts at the upcoming WEF in Davos.
  • Renovation levels need to reach 3 per cent a year to meet Paris commitments Financing remains biggest obstacle to investment in sustainable buildings1 but investing in decarbonization technologies, digital and city ecosystem services maximize value creation for all stakeholders Energy efficiency technology provides significant opportunities to reduce energy consumption ranging from 10 to 60 per cent, depending on geographies and quality of existing assets * Digital energy efficiency solutions bring 20-30 percent carbon abatement across the building stock, bringing highly competitive paybacks and cost savings for consumers, well below 8 years in average The e-book provides a practical roadmap for governments and industries to balance the costs of the energy transition with the additional burden on communities, particularly in the current unpredictable climate.
  • Luc Remont, Schneider Electric’s Executive Vice President of International Operations will talk about the importance of digital technologies in enabling the energy transition in emerging markets and major new partnerships in India, East Asia and South America to empower workforces and train more people in energy management.
  • Barbara Frei, Schneider Electric’s Executive Vice President of Industrial Automation will discuss the repercussions of a switch to an increasingly supply-led economy and how transformation from a linear to a circular supply chain model is essential for a sustainable future.

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