How Technology Transformation Can Drive Climate Change Action
- Technology has been an essential means of staying connected throughout the COVID-19 pandemic.
- As consumer demand rises, the industry must drive sustainable impact as it continues to innovate.
- Meeting ambitious climate change targets requires a fundamental transformation in the way products are manufactured and reused.
Technology was omnipresent before the COVID-19 pandemic. And its relevance has grown ever since – it’s become even more essential in helping us stay connected and work, or learn, from home. Gartner estimates PC shipments went up 32% in the first quarter of 2021, and International Data Corporation (IDC) saw the global hardcopy peripherals market ship 27 million units in the fourth quarter of 2020, with a growth rate of nearly 6% year over year. IDC also predicts the global technology industry will reach $5 trillion in revenue this year.
As technology continues to underpin our professional, academic and personal lives, and as the industry continues to develop new products and services, driving sustainable impact alongside product innovation needs to be the north star. The UN calls climate change an “existential threat” to humanity. We need to shift from the current take-make-waste model to a net-zero, regenerative economy.