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Home / News / Search for net zero: 48% of companies invest in energy efficiency

Search for net zero: 48% of companies invest in energy efficiency

ABB survey indicated that only 1% are not trying to achieve carbon neutrality
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  • Photo by Mateus Badra Mateus Badra
  • August 12, 2022, at 15:17 PM
1 min 54 sec read
12-08-22-canal-solar-Search for net zero 48% of companies invest in energy efficiency
ABB research shows that 6% of companies are already carbon neutral. Photo: Reproduction

Brazilian industry is increasingly seeking alternatives to reach net zero. According to a survey by ABB, an energy technology company, most companies are investing or plan to invest in efficiency over the next five years.

No Brazil, 48% are already making contributions to increase energy efficiency, while 51% are planning to, with 63% expected to make these investments in 2022 – the highest rate among the countries surveyed.

The survey – which interviewed 2.294 companies in 13 countries, of varying sizes between 500 and 5.000 employees or more – also shows that only 1% are not trying to achieve net zero emissions, while 6% say they are already carbon neutral.

However, the ABB report highlighted that the cost of making this transition efficiently is still a barrier for 47%, followed by workers' resistance to new technologies (41%).

Another problem is the information gap: 66% of industries interviewed do not feel that the government and third parties provide all the information they need on the topic.

Still, among those already investing in the area, three in five are upgrading their equipment to the best efficiency ratings. This percentage is higher than that of Argentina (48%), but lower than that of China (83%).

Market analysis

According to the specialist in preventing environmental liabilities and eliminating waste of natural resources, Clarissa Souza, director of Flos Ambiental, companies need to start with the GHG (Greenhouse Gas) emission inventory to identify sources and quantify current emissions.

“Regardless of the size of the company, it is necessary to adapt to the guidelines and set goals to reduce emissions,” he stated.

Clarissa points out that several factors, such as the company's fleet, supplier network and heating systems influence GHG emissions.

“It is necessary to carry out an in-depth analysis of the production chain, define organizational and operational limits to set specific goals for the decarbonization curve. Often, small changes and restructuring already achieve very considerable reductions”, he added.

The expert recalls that Brazil still needs to engage many companies, but it already has great representation when it comes to environmental data.

Brazil energy efficiency Companies Investment in solar energy
Photo by Mateus Badra
Mateus Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. He has been following the Brazilian electricity sector since 2020.
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