CO₂ emissions becoming a competitive factor

By the year 2100, average global temperatures will rise by 2.5 degrees compared to the pre-industrial era. This would put the expected increase well above the 1.5 degrees aligned in the Paris Climate Agreement. Thus, many companies have announced that they will produce in a climate-neutral way within the next few years, or that they will produce climate-neutral products in the future. One example is the automotive industry where several major players, such as VW, Daimler and Volvo, have announced that their supply chains will be climate-neutral by 2040 at the latest. Having said that, they are already tightening the requirements for this. For many suppliers, the presentation of a CO₂ strategy is a considered a minimum criterion to be shortlisted. Other than that, some components are already required to be produced emission-free. This trend will intensify in the future, and it certainly will have its effect on the machine tool industry, too.

 

To read the full article in the EMO Future Insight series, visit: How machine tools can help reduce CO2 emissions