ARTICLE 10 Catalyse Science, Technology, and Innovation

ARTICLE 10

Catalyse Science, Technology, and Innovation

Article 10 calls for leaders to explore and reinforce the possibilities that connecting technology, science and nature can enable. To achieve this, significant growth is required in Science, Technology, Engineering and Math (STEM) as well as Research and Development (R&D) to reach scalable, innovative climate solutions.

Global Picture

According to McKinsey Global Energy Perspective 2022, investments in renewables are expected to grow by 4% per year until 2035 totalling to 37% of global energy investments in the next 15 years. As this trend is expected to continue, it is imperative to rapidly scale technological capabilities to meet the demand and enable the transition. Governments and businesses have set climate pledges for 2030, which will require further large investments in and implementation of renewable technologies.

Projects

SMI Carbon Capture, Use and Storage (CCUS) Task Force is engaging with new technologies

The SMI Carbon Capture, Use and Storage Task Force has started building a dedicated SMI-led DAC project, encouraging businesses to provide economic support for carbon credits generated by this project once they are brought to market.

The SMI Health Systems Task Force published a paper discussing how digital solutions can be used to reduce emissions in clinical trials

Clinical trials in the healthcare sector produce up to 100 million tons of CO2e emissions per year. Drawing from international frameworks, the SMI Health Systems Task Force published a white paper outlining seven levers of change that can achieve substantive reductions in emissions.

We have really an enormous opportunity to leverage science, innovation and digital tools to help us reduce carbon emissions in the healthcare sector. This is central to our future.

Sir Pascal Soriot, CEO, AstraZeneca and Champion, SMI Health Systems Task Force

To read the full report, click here

Spotlight on: Phool

Phool has discovered an alternative to environmentally damaging animal and plastic leather utilising floral waste and fibre, a new material called Fleather.

To read more, click here.

Spotlight on: The Great Bubble Barrier

More than eight million tonnes of plastic end up in the oceans worldwide every year and majority of the amount travels all the way from canals and rivers. The Bubble Barrier is a solution for collecting plastic waste from rivers before they reach the sea. Bubble Barrier amazingly catches about 86% of plastic waste.

The Great Bubble Barrier is an innovative approach to capturing fugitive plastic in waterways, developed by a fast-growing Dutch start-up located in the north of Amsterdam. By pumping air through a perforated tube at the bottom of a waterway, it creates a screen of bubbles which blocks and diverts plastics into a catchment system, capturing plastic from the entire width and depth of the waterway without hindering ship traffic or marine life.

To read more, click here.

Spotlight on: Storegga

Storegga have signed a Memorandum of Understanding with PETRONAS, the national oil and gas company of Malaysia, to assess and determine the commercial, regulatory, and economic factors required for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia, and potentially beyond.

To read the relevant press release, click here.

Case Study: Carbon Engineering

Carbon Engineering's Direct Air Capture technology removes carbon dioxide from the atmosphere at massive scale. This captured CO2 can either be stored underground in what is known as carbon capture and storage, or converted into carbon-neutral fuel using renewable energy sources, The company's pilot plant in Squamish, British Columbia, has been removing CO2 from the atmosphere since 2015 and converting it into fuels since December, 2017.