Digital for Decarbonization Innovations & Startups Report

Comprehensive Showcase of Global Digital for Decarbonization Innovations & Startups

From CLIMAFIX, leader in climate innovation intelligence

Digital for Decarbonization Introduction:

The use of digital and IT solutions has been an important – though less talked about – factor for the success of many decarbonization efforts worldwide. Given that enhanced efficiencies in operations and energy consumption alone can significantly drive down CO2 emissions in industrial, agricultural, and domestic sectors, the importance of digital decarbonization should not come as a surprise.

The contribution of digital to decarbonization is vast, and diverse, and touches a wide range of sectors and applications. It utilises many different sets of digital tools – from simple databases to sophisticated VR/AR to highly complex AI/ML/big data platforms.

The use of digital is perhaps one of the most potent avenues for decarbonization in the short and medium term. As many of the applications are wraparounds for the existing infrastructure and processes, and as many of them can quickly identify inefficiencies and carbon emissions, expect significant funding and investments to happen in this sector during the 2020-2030 period.

Digital technologies for decarbonization is a rapidly evolving field, with continuous innovations that utilise many digital tools and concepts. While some applications of digital can be expected to stabilise during the 2020-2025 period (especially monitoring and control applications), this sector will continuously have many other disruptive innovations for a large part of the 2020-2030 period and even beyond.

The main disadvantages of the use of digital tools revolve around the lack of awareness for many end-use sectors and the difficulties that many innovative but small solution developers face in accessing key end-use segments for pilots and business development.

For the 2020-2030 period, while the scope of innovations in the use of digital for decarbonization will be vast, expect a significant focus on grid optimization, demand response, systems, IT use for carbon credit, and carbon offset markets, for building energy efficiency, for preventing GHG leaks from select industries such as oil & gas, and monitoring of forest and other large natural carbon sinks.

The Digital for Decarbonization Innovations & Startups Report provides insights on the following: