by Chris Dartnell, President of Oil, Gas and Petrochemicals, Schneider Electric
Future growth hinges on the appropriate response to present conditions while strategically developing longer-term plans. For most industries, social, environmental, and political issues are having increasingly greater impact in reshaping the present and future business environment. In particular, the oil and gas (O&G) industry is challenged to reliably and economically deliver transportation fuels in the present day while working strategically to provide “cleaner” energy products in the future.
In today’s digital economy, a new breed of buildings is emerging. As a key ingredient in expanding urban landscapes, buildings of all types are undergoing a major technological shift toward greater efficiency and sustainability, driven by connected technologies, big data and analytics.
by Frederic Abbal, EVP, Schneider Electric Energy Division
The world is running out of critical resources. By 2050, demand for important resources like biomass and fossil energy is expected to surpass production by 40 billion tons, leaving companies and consumers at risk from the shortfall.
The energy ecosystem and electricity system is on the verge of disruption. Energy is becoming decentralized and new technologies are enabling business to both produce and consume energy. Many companies are looking at these megatrends to find new ways to save money, meet sustainability goals and build resiliency. Every year, companies spend more than $450 billion on energy efficiency and sustainability initiatives. Plus 63% of Fortune 100 companies have set one or more clean energy targets.
As the world continues through large transitions, including increased digitization and the seemingly endless demand for more energy, accurate data collection has become a priority — the foundation of successful innovation and collaboration. Realizing this need, many companies have initiated efforts to collect energy data. This admirable and critical first step is not enough, however.
How do you provide efficient and sustainable electricity 24X7 for fishermen and farmers cultivating rubber trees in one of the four villages at Kenti Island? Until very recently, these four villages in Kenti Island, Myanmar, received electricity through a diesel generator owned by a private player. At that time electricity was available only for 4 hours in the night on an intermittent basis. The livelihoods of the farmers and the people in these villages depends on the reliable and continuous electricity supply.
What’s TVET? In short, the Technical and Vocational Education Training provides skills to vulnerable population enabling them to take career opportunities and providing essential services to their communities. It has a bridging role to play in the rising of energy demand and unemployment.
However, this type of training faces several challenges that prevent it from reaching its full potential: a lack of quality during trainings, a lack of resources, a lack of equal access to training and an inadequacy within local markets. Thus, actions must be taken to help its development.
Despite the substantial, positive contribution to growth and innovation made by women, disparities still exist in access to education and economic opportunities that limit women from achieving their full sociopolitical power. Although women make up more than 50% of global population, and average 40% of the world’s labor force, women continue to lag in promotional opportunities, wages, and land ownership, and are inhibited in their pursuit of education and employment by lack of access to social and natural resources.
Both growing unemployment and lack of access to energy can be solved. Want to know how?
With a global unemployment that will reach 212 million in 2019 and 1.06 billion people without access to energy, urgent actions need to be taken to tackle this unfortunate trend. One of them could be entrepreneurship.