Sustainability Archives - Business Intelligence

Tag: Sustainability

IR18

Top Renewable Energy Sources That Will End the Fossil-fuel Era

renewable energy sourcesEver wondered what exactly is renewable energy and what are the top renewable energy sources available to us today? Renewable energy, as the name suggests, is a form of green energy that’s not detrimental to the environment. They are a part and parcel of our planet’s physical structure and can be found in the sunlight, air, oceans, and underground.  Also known as “sustainable energy”, they are naturally replenished and serve as the best alternative to fossil fuels like coal and oil. However, a fact to keep in mind here is that energy sources that are renewable are not always environmentally safe. For instance, harnessing hydro energy by building dams affects the ecosystem for fishes and the wildlife. Another example of this is the use of wind to generate energy by building windmills, which also has a detrimental effect on the local ecosystem and wind streams.

Despite the strides we’ve made in discovering new renewable energy sources and harnessing the energy generated from such sources, many countries are still not using renewable energy. Wonder why? Renewable energy is still pretty expensive compared to conventional energy. And since favorable renewable energy sources are mostly present in remote locations, a lot of money must be invested in building an appropriate infrastructure. Despite such challenges, most governments are investing in discovering new renewable energy sources and are offering attractive tax benefits to encourage investments. That being said, now let’s take a look at some of the best renewable energy sources that can be leveraged to help our world to go green:Ask an analyst

Top Renewable Energy Sources

  • Solar energy

Sunlight is perhaps one of the most famous renewable energy sources available today and its energy can be harnessed by using technologies that can leverage solar energy to illuminate houses or street lamps, warm or cool water, or power cooling systems for businesses. Solar energy, which can be harnessed with the help of photovoltaic systems, can benefit corporates and government bodies alike.

  • Geothermal energy

This form of energy is derived from deep underground and the heat generated can be used to produce electricity. Such renewable energy sources can be implemented on a smaller scale or a large scale, depending on its end-goal. On a small scale, geothermal energy can be used to keep nearby buildings warm or cool. On a large scale, it can be used as a commercial utility energy solution.

Connected Car Technology

Top Sustainability Trends Changing the Face of Businesses in 2018

Sustainability TrendsFollowing the turmoil of last year, which was largely brought on by the rising support for protectionism and technological advances, 2018 is turning out to be a pivotal year for sustainability. This year both businesses and consumers are demanding that it takes theAsk an analyst center stage. Sustainability has been eluding businesses and consumers alike but with the rising economic volatility, climatic changes, and growing popularity of automation, sustainability has become a priority for everyone. In this article, we at Infiniti Research, have highlighted some of the sustainability trends for this year. The sustainability trends which are based on the research and estimations of our in-house industry experts will offer fascinating insights into the changing frameworks for business in the new global economy.  

Top sustainability trends for 2018

Re-prioritizing sustainability

This year, many companies have started leveraging regulations put forth by the Paris Climate Agreement and the United Nation’s Sustainable Development Goals (SDGs) to their advantage by using them to guide their sustainability initiatives. Also, the availability of business commissions gives companies an incentive to achieve the targeted SDGs. In the last year itself, more than 43 countries signed up to conduct a review on SDGs progress. Sustainability trends such as this are expected to pay a major role in the near future since many countries are making it a legal obligation to meet their SDGs.

Boosting supply chain transparency

One of the sustainability trends that has been picking up steam this year is the use of data and technologies to boost supply chain visibility. Data in its digital form is offering huge opportunities for innovations, especially in terms of new technologies. Drones and apps are making it extremely easy to better understand sustainability challenges and devise effective strategies to mitigate them. Technology can also be used to impart knowledge and increase awareness about sustainability among farmers. The availability of such technologies makes it easy to access data from supply chains and use them to study the journey of some products.Ask an analyst

Rising need for collaborations

Collaborations are crucial for addressing pressing sustainability challenges in today’s competitive scenario. Most producers or farmers tend to look at sustainability differently, they usually take a more holistic approach and consider production costs and investment expenses. Such sustainability trends have given rise to new collaborations platforms that help streamline certification processes. A recent example of this collaboration is the merger of the Rainforest Alliance Systems with UTZ, which has helped a number of cocoa and coffee farmers.

Certification checks

Certification remaining under scrutiny is one of the crucial sustainability trends for this year. Even today, supply chain partners and end-users continue to ask about the benefits of certification. What they don’t realize is that certification offers scrupulous supply chain insights that are otherwise extremely difficult to obtain. The connection that certification builds along the supply chain has a positive effect on the producers and the environment. Certification is one of the only sustainability trends that has the potential to bring about a transformative collaboration between the government, NGOs, and other bodies.

To know more about the top sustainability trends for this year:

IR14

Chinese Economy Focuses on Environment Sustainability – Here’s Why

The Chinese economy is one of the world’s largest and most powerful economy despite the recent economic meltdown. The robust and growing manufacturing sector coupled with supply chain repositioning has fueled the growth of the Chinese economy. Traditionally, China has always focused heavily on theAsk an analyst export of finished goods to accelerate growth. However, with the changing market scenario and competitive landscape, China’s leaders have started directing their efforts towards domestic consumption; thereby, moving from an export-driven economy to being more consumer-oriented. As a result, Chinese manufacturers must tweak their production systems, manufacturing process, and product features to meet the quality requirements and their citizen’s needs.

Chinese Economy Addresses Environmental Concerns

With a consumer oriented approach, China must develop frameworks that meet consumers’ demands and comply with the high safety and environment standards. The country is endowed with limited natural resources, making it difficult for the Chinese economy to move away from their current production processes that make use of highly polluting, locally available, and cost effective resources such as coal. But with the increase in the domestic pressure to devise environment-friendly processes that facilitate energy conservation, new challenges have cropped up for the chemical, manufacturing, and energy industries in the Chinese economy. The state authorities and decision makers must keep the following in mind – ensure effective capital deployment and leverage green technology – to reduce carbon footprints.

Developing A Sustainable Economy

As the Chinese economy inches towards sustainability, the policy makers must address key issues such as opting for operational processes that fulfill their long-term objectives, enable supply chain optimization, support product innovation, and drive organizational efficiency. The Chinese economy is plagued with overcapacity in terms of structure and production, which can be solved by permitting M&A activities to optimize resources and facilitate asset scalability. The Chinese policy makers are constantly striving to strike a balance against the dynamic market forces to ensure effective implementation of new structural policies. In order to build an environment-friendly and sustainable economy, China’s leaders and policy makers must understand that the transformation process is not a one-time thing; rather, it is a continuous and cumulative process.

To know more about the latest developments in the Chinese economy and its impact on your business

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