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Decarbonisation through IoT and Data-Driven Innovation: Paving the Way to a Sustainable Future

by | Mar 8, 2024 | ESG

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As the world continues to grapple with the pressing challenge of climate change, the urgent need to decarbonise various industries has become increasingly evident. To combat greenhouse gas emissions effectively, innovative solutions leveraging the Internet of Things (IoT), cutting-edge technologies, and data-driven approaches are emerging as powerful tools. This article explores some of the most promising examples of how these technologies are being utilised to decarbonise industries and pave the way towards a sustainable future.

Smart Grids and Energy Management
IoT-enabled smart grids represent a major innovation in decarbonisation efforts within the energy sector. By integrating renewable energy sources like solar and wind power, smart grids optimise energy distribution, storage and consumption. These grids can adapt to fluctuating energy supply and demand, maximising the use of renewable sources while minimising reliance on fossil fuels.

For instance, in a city equipped with a smart grid, energy consumption data from individual households, businesses and industries can be collected and analysed. This data allows for better energy management strategies, enabling energy providers to allocate resources efficiently and proactively reduce carbon emissions. To support India’s net zero goals, Tata Power and AutoGrid collaborated to expand AI-enabled smart energy management in Mumbai (Cision, 2023).

Connected Transportation and Electrification
Transportation is a significant contributor to carbon emissions. However, IoT-based solutions are transforming the sector by promoting electrification and connectivity. Electric vehicles (EVs) and plug-in hybrids have gained popularity, providing cleaner alternatives to traditional combustion engines.

IoT technology plays a significant role in the EV ecosystem by facilitating real-time data collection, enabling remote diagnostics and optimising charging infrastructure. Additionally, connected vehicles can communicate with traffic systems, improving traffic flow and reducing congestion, leading to reduced fuel consumption and emissions. Companies like Geotab are pioneers in developing cutting-edge technologies to support connected vehicles of all kinds (Yahoo, 2023).

Smart Buildings and Energy Efficiency
The construction industry is another significant source of carbon emissions. IoT-powered smart-building solutions offer a path to drastically reduce energy consumption and emissions. Smart sensors and automation systems can monitor and adjust lighting, heating and cooling in real-time, optimising energy usage based on occupancy and environmental conditions paving the way for over 115 Million energy-efficient buildings in 2026 (The Weather Channel, 2022). To reduce energy costs further, U of T engineering researchers have developed Liquid Windows, inspired by squid skin, helping buildings react to changing environments (University of Toronto Engineering News, 2023).

Furthermore, data analytics can benchmark a building’s energy performance against similar structures, providing valuable insights for further improvements. By implementing these technologies, businesses and homeowners can significantly reduce their carbon footprint and contribute to global decarbonisation goals.

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Precision Agriculture and Sustainable Food Production
Agriculture accounts for a significant portion of greenhouse gas emissions, but IoT-driven precision agriculture is transforming traditional farming practices. IoT devices, such as soil sensors and drones, provide real-time data on soil moisture, nutrient levels and crop health.

By utilising this data, farmers can optimise irrigation, fertilisation and pest control. Furthermore, IoT-enabled supply chain management systems allow for better tracking of food products, reducing food waste and its associated emissions.

Carbon Footprint Tracking and Carbon Markets
Data-driven platforms empower individuals and organisations to track their carbon footprints more accurately. IoT devices, such as wearable gadgets and smart-home systems, collect data on daily activities, energy consumption and commuting patterns, among other factors.

By analysing this data, individuals can better understand their carbon impact and make informed decisions to reduce it. Moreover carbon markets supported by blockchain technology allow businesses to trade carbon credits, encouraging carbon reduction initiatives and fostering a carbon-conscious economy. World Bank further underscored the need for blockchain technology by backing the carbon credit blockchain registry to attract crypto investors (Climate Home News, 2022).

Conclusion
The decarbonisation of industries is a critical step towards mitigating the impact of climate change and creating a sustainable future. IoT, technology and data-driven solutions play a crucial role in driving innovation and transforming various sectors to become more environmentally friendly.

From smart grids and connected transportation to precision agriculture and carbon footprint tracking, these examples demonstrate the potential of technology to reduce carbon emissions significantly. As technology continues to evolve, so will the potential for further innovative solutions, bringing us closer to a greener and more sustainable world. By embracing these advancements, individuals, businesses, and governments can collectively work towards a decarbonised future, ensuring a better planet for generations to come.

Bibliography
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