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Circular economy can cut vehicle emissions by 75% by 2030
By IANS |
Published on
Tue, Mar 16 2021 16:18 IST |
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Cars.. Image Source: IANS News
Bengaluru, March 16 : In order to address global warming, the adoption of circular economy practices combined with accelerated electrification in the automotive industry has the potential to reduce carbon emissions by up to 75 per cent by 2030, a new Accenture-World Economic Forum (WEF) report said on Tuesday.
The move can also help cut non-circular resource consumption by up to 80 per cent per mile by 2030.
According to an Accenture analysis, mobility demand - in terms of both passenger miles and predicted vehicle stock - is expected to increase 70 per cent globally in the next decade.
Technuter
The adoption of circular economy practices combined with accelerated electrification in the automotive industry has the potential to reduce carbon emissions by up to 75% and non-circular resource consumption by up to 80% per mile by 2030, according to a report from Accenture (NYSE: ACN), the World Economic Forum, and the World Business Council for Sustainable Development.
The report, “
Raising Ambitions: A new roadmap for the automotive circular economy,” is based on an Accenture analysis that finds mobility demand in terms of both passenger miles and predicted vehicle stock is expected to increase 70% globally by 2030. The automotive industry can prepare for this demand, while also decarbonizing to contribute to limiting global warming to less than 1.5°C, by achieving circularity through the lens of energy, water, waste, materials, vehicle lifetime and use.