World Financial Discussion board, Accenture and EPRI To Assist Extra Industrial Hubs Speed up Their Internet-Zero Transition

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DAVOS-KLOSTERS, Switzerland, Might 24, 2022–(BUSINESS WIRE)–4 main industrial clusters within the Netherlands, Belgium and the U.S. in the present day introduced they’re working along with the World Financial Discussion board to cut back their carbon emissions quicker via the “Transitioning Industrial Clusters in direction of Internet Zero” initiative. The World Financial Discussion board is collaborating with Accenture (NYSE: ACN) and the Electrical Energy Analysis Institute (EPRI) on this initiative.

Launched at COP26 November 2021, the initiative goals to speed up the decarbonization of hard-to-abate industrial sectors, whereas maximizing job creation and financial competitiveness. The strategy focuses on constructing cross-industry and cross-cluster partnerships to raised implement low-carbon applied sciences — as within the case of the regionally developed Basque Hydrogen Hall — and on accessing public funding frameworks and blended-finance choices for clusters’ decarbonization initiatives.

Beneath this initiative, the World Financial Discussion board, working carefully with Accenture and EPRI as data companions, connects non-public and public stakeholders to evaluate the way to meet particular person and collective decarbonization objectives, fosters new enabling insurance policies and offers steering and help for area people engagement.

Industrial clusters are geographic areas the place industrial firms are concentrated, making them a pretty goal for impactful emissions discount methods. Since industrial belongings are positioned in shut proximity to one another, sharing of infrastructure (similar to CO2 and hydrogen pipelines or renewable power belongings), monetary and operational dangers, and pure and human assets turns into potential. This additionally offers alternatives to deploy and scale new inexperienced applied sciences, similar to hydrogen and the seize, utilization, and storage of carbon for industrial purposes, enabling a systemic strategy to emissions discount.

The clusters becoming a member of the initiative are:

  • Brightlands Round Area, along with Brightlands Chemelot Campus, Chemelot and the Chemelot Round Hub in Geleen, Netherlands It should assist speed up the power transition and round financial system.

  • H2Houston Hub, shaped via the Middle for Houston’s Future and encompassing greater than 100 organizations and corporations. It should leverage the Houston space’s place because the U.S.’s largest hydrogen producer and shopper, and use innovation and scale to cut back the price of clear hydrogen and emissions.

  • Ohio Clear Hydrogen Hub Alliance, with roughly 100 company, governmental and group group members, will lead the area’s marketing campaign to ascertain a clear hydrogen hub within the state of Ohio and the Ohio River Valley.

  • Port of Antwerp-Bruges, Europe’s second-largest port. It should drive the round financial system and power transition.

These 4 massive industrial emissions facilities, involving oil and fuel extraction and processing, delivery, heavy-duty transportation, chemical compounds and different sectors, at present account for CO2 emissions of 296 million metric tonnes per 12 months – higher than the annual emissions of Poland. They make use of greater than 470,000 folks and characterize an annual gross home product (GDP) contribution of $135 billion.

“Sharing infrastructure, maximizing synergies and increasing use of circularity rules throughout industries will probably be important in decreasing emissions, whereas sustaining industrial competitiveness and creating alternatives for employment in these industrial heartlands,” mentioned Melissa Stark, a managing director and International Lead for Renewables and Power Transition Companies, Accenture. “We’re eager to assist quickly broaden this program and urge industrial clusters in these areas dedicated to web zero to hitch us. Accenture brings its international footprint and expertise in digital, sustainability and the power transition to this undertaking, working carefully with the World Financial Discussion board and EPRI to deploy a cross-technology strategy anchored on innovation, partnership, coverage, and financing methods.”

The 4 new clusters be a part of 4 others within the U.Ok. (Zero Carbon Humber and Hynet North West), Australia (Kwinana Industries Council), and Spain (Basque Internet-Zero Industrial Supercluster), which have been a part of the preliminary launch of the initiative. Based mostly on metrics supplied by every cluster, all eight clusters may probably save greater than 334 million tonnes of CO2 – greater than the equal annual emissions output of France. They might additionally create and defend 1.1 million jobs and contribute $182 billion to regional GDP.

“The Ohio Clear Hydrogen Hub Alliance seeks to find a clear hydrogen hub within the state of Ohio and the Ohio River Valley, resulting in the eventual decarbonization of a lot of the transportation, electrical energy, industrial and heating sectors,” mentioned Kirt Conrad, Co-Founder, Ohio Clear Hydrogen Alliance and Chief Government Officer, Stark Space Regional Transit Authority. “Funding right into a clear hydrogen hub in Ohio will assist create large financial, environmental and well being advantages for the state and its residents.”

“With our deal with changing into the premier round ecosystem in Europe, it’s of upmost significance that we foster aggressive collaboration between the businesses in our cluster in addition to with different international clusters,” mentioned Lia Voermans, Director, Brightlands Round Area. “We imagine that this initiative offers a gateway to entry the very best practices and processes supporting industrial decarbonization.”

The brand new clusters are already actively advancing their decarbonization journey. As an illustration, the Port of Antwerp-Bruges is beginning to convert hydrogen into sustainable uncooked supplies and gas for the port’s chemical sector, whereas the Ohio Clear Hydrogen Hub Alliance has developed hydrogen gas cell buses which tour across the U.S., educating transit authorities on the potential and viability of unpolluted transportation. Nonetheless, to attain net-zero emissions, these efforts have to be scaled up. Usually, monetary mechanisms, relatively than expertise, are the principle roadblock, and coverage frameworks to help beneficial future applied sciences are missing. As worth chains are remodeled, the creation of latest partnerships will probably be key.

“The Houston area has the expertise, experience and infrastructure wanted to steer the worldwide power transition to a low-carbon world,” mentioned Brett Perlman, Chief Government Officer of the Middle for Houston’s Future. “Clear hydrogen, alongside carbon seize, use, and storage are among the many key expertise areas the place Houston is ready as much as succeed and will be an instance to different main power economies all over the world.”

“The Port of Antwerp-Bruges hosts Europe’s largest chemical cluster and helps the European Inexperienced Deal to turn out to be local weather impartial by 2050,” mentioned Jacques Vandermeiren, Chief Government Officer, Port of Antwerp. “To succeed in this purpose we’ll all must work along with respect for particular person firm wants, {industry} traits and timing. The ‘Transitioning Industrial Clusters in direction of Internet Zero’ initiative, is a way to encourage and incentivize firms to share finest practices in our widespread pursuit of staying effectively beneath 2°C.”

Along with the eight clusters at present concerned within the initiative, greater than a dozen within the U.S., Europe, and the Asia-Pacific area are additionally within the technique of becoming a member of. The purpose is to construct a group of 100 international industrial clusters to speed up industrial decarbonization. To study extra or to take part within the cluster initiative, go to https://initiatives.weforum.org/transitioning-industrial-clusters/dwelling.

About Accenture

Accenture is a world skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised abilities throughout greater than 40 industries, we provide Technique and Consulting, Know-how and Operations providers and Accenture Track—all powered by the world’s largest community of Superior Know-how and Clever Operations facilities. Our 699,000 folks ship on the promise of expertise and human ingenuity every single day, serving shoppers in additional than 120 nations. We embrace the facility of change to create worth and shared success for our shoppers, folks, shareholders, companions and communities. Go to us at accenture.com.

About EPRI

Based in 1972, EPRI is the world’s preeminent impartial, non-profit power analysis and growth group, with workplaces all over the world. EPRI’s trusted consultants collaborate with greater than 450 firms in 45 nations, driving innovation to make sure the general public has clear, secure, dependable, reasonably priced, and equitable entry to electrical energy throughout the globe. Collectively, we’re shaping the way forward for power.

About World Financial Discussion board

The World Financial Discussion board, dedicated to bettering the state of the world, is the Worldwide Group for Public-Personal Cooperation. The Discussion board engages the foremost political, enterprise and different leaders of society to form international, regional and {industry} agendas. (www.weforum.org).

Copyright © 2022 Accenture. All rights reserved. Accenture and its brand are emblems of Accenture.

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Contacts

Matthew Corser
Accenture
+44 755 784 9009
matthew.corser@accenture.com

Rachel Gantz
EPRI
+1 202-293-7517
rgantz@epri.com

Sahil Raina
World Financial Discussion board
+41 79 55966273
sahil.raina@weforum.org

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