Today, the world demands a transformative economic, social, and environmental solution to mitigate the challenges of climate change. While rebuilding our economies after the pandemic, it is essential for us to invest in energy efficiency and action on sustainability. This simple shift in mindset can promote growth across multiple levels and help create new jobs. While India is on track to meet its COP21 commitments, COP26 planned later this year is looking towards a Net Zero or a Race to Zero challenge for a world where energy efficiency and sustainability will be among the main pillars.
Global figures indicate that over 78 per cent of global emissions are generated by buildings, transport, and industry. The technologies that can accelerate green energy transition over the coming decades for these sectors are already present, proven, and ready to be accelerated. However, to move faster, businesses and governments need to push one another and work together. At Danfoss, we wish to create a cycle where bold business commitments support bold policies – which in turn, support even bolder business action & overall change.
Energy-efficiency improvements can account for 44 per cent of the reduction in energy-related CO2 emissions needed to meet our sustainability targets. Therefore, an ‘energy efficiency first’ principle will be instrumental to help us decarbonize our energy system. In turn, this will help us free up electricity to make our transportation systems electric, our buildings green and our cities sustainable. This Earth Day, let us reiterate our commitment to the future generations to help restore and rebuild our planet by laying the foundation for a sustainable way of life, starting today.