Finance & Economics

A new framework evaluates industrial symbiosis, showing cost savings, revenue growth, risk reduction, and intangible benefits, advocating strategic partnerships and regulatory navigation for long-term sustainable advantage.

The CORALIS report on industrial symbiosis (IS) highlights its benefits, like reducing CO2 emissions and waste through cross-sector collaboration. Successful cases and digital platforms facilitate IS, but adoption challenges persist. Future IS policies could further sustainability and create jobs in new industries.

The CORALIS guidelines address financing and risk mitigation for Industrial Symbiosis (IS) projects, offering a structured process to enhance stakeholder relationships, align with regulatory frameworks, and improve project implementation for sustainable industrial operations.

The EU aims to produce and import 20 million tonnes of renewable hydrogen by 2030 to achieve climate targets. The European Hydrogen Bank, integral to REPowerEU, supports this via subsidies and market integration. Investments in hydrogen technologies foster innovation, job creation, and international cooperation, enhancing energy security and global leadership in clean energy transitions.

The European Commission's strategy for 2024-2029 aims to revitalize Europe's industrial sector, address economic challenges, promote sustainability, advance technological sovereignty, ensure social fairness, and strengthen global partnerships for a resilient, prosperous EU future.

The Global AI Infrastructure Investment Partnership, with $30 billion from Microsoft, BlackRock, and others, aims to build AI data centers and related energy infrastructure, addressing the high energy demands of AI. Other initiatives like Google's AI Opportunity Fund and IndiaAI Mission support AI infrastructure development, focusing on sustainability and international cooperation to ensure global economic and technological advancement.

Pumping systems represent significant energy and cost usage in industrial operations. Implementing thorough Life Cycle Cost (LCC) analysis can yield major savings by encompassing all ownership costs from initial purchase to decommissioning. Proper design, avoiding oversizing, and maintenance are crucial strategies.

SMEs overlook 10-30% energy savings due to incomplete audits and complex consumption patterns. Adopting EMS offers cost reduction, improved productivity, regulatory compliance, and enhanced reputation. Barriers such as perceived costs, resource constraints, and lack of commitment hinder EMS implementation. Technology aids effective energy management, with smart meters and IoT enabling real-time data tracking. Best practices include starting with energy audits, setting reduction goals, and engaging employees. Successful EMS adoption in SMEs contributes to carbon emission reduction and energy transition goals, aligning with EU support for SME recovery and innovation.

How social housing associations and EU projects are using innovative financial and solidarity mechanisms to combat energy poverty, emphasizing the dual benefit of social welfare and environmental sustainability through the refurbishment of buildings for energy efficiency.