Kaiserwetter, an international service provider for renewable asset management headquartered in Hamburg, is urging the international community meeting in Hamburg to continue to make progress from the COP21 and COP22 advances in the global efforts to stop Global Warming.
Climate Change and the United States’ exit from the Paris Climate Change Agreement were key discussion points during the recent G20 Summit, which took place this past weekend in Hamburg, Germany.
Kaiserwetter’s core message is that the renewable energy transition is only possible with the help of digitalization. Renewable energy capacity has increased by more than any other technology and clean energy has never been in higher demand before.
Digitalization enables investors in the energy sector to maximize the return on investment and minimize the risk of their renewable energy investments. Furthermore, it is the only true financially way to meet the objectives of the Paris Climate Agreement.
Kaiserwetter has shown the potential of digitalization with the launch of ARISTOTELES, a digital tool to watch and steer renewable energy portfolios from an executive level perspective. It is the first digital solution on the market that integrates the possibilities of Internet and Things (loT), big data analytics, and digital infrastructure in the cloud by combining technical with financial data.
“The worldwide transformation toward renewable energies can only be achieved with the help of digitalization and IoT,” emphasized Hanno Schoklitsch, CEO of Kaiserwetter. “The use of digital technology will be a major contribution to the COP22 commitment to finding a financially viable way of implementing the Paris Climate Agreement objectives in the near future.”
Clean energy is growing
Since the 1990s, the clean energy sector as a whole has continued to grow year on year, a positive trend which contrasts with other energy sources like coal and nuclear in the electricity sector.
In fact, investment in renewable is on the rise in the United States, increasing by almost 20% from 2014 to 2015. This impressive growth makes the U.S. the world’s second biggest investor in renewable energy, surpassed only by China.
A recent industry study found that doubling the market share of renewables by 2030 would increase global GDP by over 1% equating to about $1.3tn. However, more needs to be done to fulfill international commitments and goals.
The possibility of achieving feasible return on investment in the renewables sector has certainly boosted investments in clean energy, but efforts must be increased in order to reach the goals of the Paris Climate Agreement. $7.4 trillion is expected to be spent globally on new green energy facilities in the coming decades, leaving an investment gap of $5.3 trillion to meet the goals of the Paris Climate Agreement.
“Investments in renewable energies, while using the IoT and big data analytics, offer unexpected opportunities of boosting the expansion of renewable energies on a global scale,” said Schoklitsch.
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