World Could Reach Net Zero Up To 10 Years Ahead Of Schedule with Full Adoption of Space Tech - New Model Shows

Rhea-AI Summary

Globant's latest modeling, in collaboration with Inmarsat, indicates that existing and evolving satellite technologies could enable a reduction of global greenhouse gas (GHG) emissions by up to 18% by 2040. The report suggests that full adoption of available satellite technology by 2030 could increase this reduction by an additional 9%. The research, covering industries like transport and logistics, hints at significant emission-saving potentials if governments and industries align their investments with satellite solutions.

Positive

• Potential for 18% reduction in GHG emissions by 2040 through satellite technologies.
• Full adoption of current satellite technologies by 2030 could contribute an additional 9% reduction.
• Current technologies already save 2.5% of total GHG emissions.

Negative

• Lack of investment is hindering broader adoption of satellite technologies, limiting potential emissions reductions.

Latest modelling from Globant and Inmarsat reveals existing and developing satellite technologies could cut a further 18% of total global greenhouse gas (GHG) emissions by 2040

NEW YORK, Dec. 8, 2022 /PRNewswire/ -- The world could reach Net Zero up to 10 years ahead of the 2050 target date if industries¹ make the most of existing and emerging space technologies, according to new data modelling from Globant's Sustainable Business Studio, commissioned by Inmarsat, the world leader in global, mobile satellite communications.

Satellite technology already saves 2.5% of total GHG emissions, but the report reveals a clear missed opportunity to fast-forward the transition. Globant's analysis suggests that full adoption of currently available satellite technologies by 2030 would make it possible to achieve a further 9% reduction in global emissions.

Elena Morettini, lead scientist behind the report and Global Head of Sustainable Business at Globant, said: "Following the close of COP27 it remains clear that solutions to reducing humanity's carbon emissions are vitally important. What we know is that from a technological and scientific standpoint, the potential reduction in CO2 emissions from satellite technologies is immense."

"It is definitely not a lack of innovation preventing greater sustainability success. Instead, it is a lack of investment that stands in the way of bringing the Net Zero reality closer to the findings of our modelling."

Examples of how far-reaching the impact of nascent satellite technologies could be for decarbonisation include: 

• In passenger transport, technologies like route optimisation, the rise of air taxis, and continued working from home practices can deliver 3.1 Gt of CO2 emissions – equivalent to just over the entire EU's 2019 emissions² 
• In freight transport, we could see a 25-fold decrease in carbon emissions from speed management and fleet management innovations (0.05Gt to 1.25Gt) 
• In oil and gas, methane detection could deliver a reduction of at least 10% of emissions – encouraging news for the methane pact discussed at COP27³ 

Rajeev Suri, Inmarsat CEO, said: "Satellite technology today helps tackle climate change and, with greater will and investment, it can deliver even more in the future. Globant's modelling demonstrates how space can make a major contribution to slashing humanity's carbon emissions, with emerging technologies offering even more benefits, alongside other similar initiatives. Progress does not need to stop, nor be reversed for the world to meet its Net Zero goals. That is why it is imperative that governments and industry leaders take the initiative to assess their decarbonisation strategies with satellite technologies in mind and align their investments to solutions that not only decarbonise, but make industries more efficient and resilient, helping to build for the future."

Diego Tartara, Chief Technology Officer at Globant, said: "Our perspective is that any challenge is better solved in a collaborative manner and that technology can be a powerful decarbonization accelerator. We are proud that Inmarsat chose us to produce such eye-opening research that confirms the amazing opportunities, both, in terms of efficiencies and optimizations that satellite communications can offer to a broad array of sectors."

Notes to editors

The full report can be found here: https://www.inmarsat.com/en/insights/corporate/2022/space-around-us.html.

For more information about Globant's Sustainable Business Studio, please visit: https://www.globant.com/studio/sustainable-business. 

¹ The research was conducted across three industry sectors – 1) transport and logistics, 2) agriculture, forestry and other land use and 3) energy systems – which together account for approximately 60% of global emissions 
² https://edgar.jrc.ec.europa.eu/report_2022 - "EU27: 2019 - 2922.05" 
³ https://www.reuters.com/business/cop/cop27-more-countries-join-methane-pact-focus-turns-farms-waste-2022-11-17/

Contact for media: press@inmarsat.com 

About Globant

We are a digitally native company that helps organizations reinvent themselves and unleash their potential. We are the place where innovation, design and engineering meet scale. 

• We have more than 26,500 employees and we are present in more than 20 countries working for companies like Google, Electronic Arts and Santander, among others. 
• We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report. 
• We were also featured as a business case study at Harvard, MIT, and Stanford. 
• We are a member of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord. 

Contact for media: pr@globant.com  

For more information, visit www.globant.com 

About Inmarsat 

Inmarsat delivers world leading, innovative, advanced and exceptionally reliable global, mobile communications across the world – in the air, at sea and on land - that are enabling a new generation of commercial, government and mission-critical services. Inmarsat is powering the digitalisation of the maritime industry, making operations more efficient and safer than ever before. It is driving a new era of inflight passenger services for aviation, while ensuring that aircraft can fly with maximum efficiency and safety. Furthermore, Inmarsat is enabling the rapid expansion of the Internet of Things (IoT) and enabling the next wave of world-changing technologies that will underpin the connected society and help build a sustainable future. And now Inmarsat is developing the first-of-its-kind, multi-dimensional communications network of the future, ORCHESTRA. In November 2021, Inmarsat and Viasat announced the planned combination of the two companies, to create a new leader in global communications. 

For further information, follow us: Twitter | LinkedIn | Facebook | YouTube | Instagram.

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SOURCE Globant

FAQ

What does Globant's modeling reveal about satellite technology and GHG emissions?

Globant's modeling indicates that satellite technology could reduce global GHG emissions by up to 18% by 2040.

By how much could full adoption of satellite technologies reduce emissions by 2030?

Full adoption of currently available satellite technologies could lead to an additional 9% reduction in emissions by 2030.

What industries are involved in Globant's emissions reduction modeling?

The modeling covers transport and logistics, agriculture, forestry, and energy systems.

What is the main barrier to achieving greater sustainability through satellite technology according to Globant?

The main barrier is a lack of investment in satellite technologies.

What is the current contribution of satellite technology to GHG emissions reduction?

Satellite technology currently contributes to a 2.5% reduction in total GHG emissions.