Cloud-powered tech to ‘significantly’ accelerate decarbonisation: report

It can speed up the implementation of 47% of decarbonisation initiatives.

Cloud-powered technologies can “significantly” accelerate the implementation of nearly half of decarbonisation initiatives, a McKinsey study reported.

In a study, McKinsey found that cloud-powered technologies can fast track 101 (47%) out of a representative 217 decarbonisation initiatives required to achieve the global 1.5° goal by 2050.

“As companies gear up to comply with increasingly complex sustainability regulations, strategic use of cloud-powered technologies can be a crucial differentiator,” McKinsey’s Cindy Levy, Fan Gao, Eric Hannon, and coauthors wrote.

The report further noted that these technologies could reduce costs by hundreds of billions of dollars annually from the estimated annual spending of $9.2t to achieve net zero by 2050.

Additionally, cloud-powered technologies can abate up to 32 metric gigatonnes of carbon dioxide equivalent (GtCO2e).

This is nearly half of the estimated total of 65 GtCO2e required to reach net-zero emissions.

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