{"id":11817,"date":"2018-03-21T11:00:56","date_gmt":"2018-03-21T19:00:56","guid":{"rendered":"https:\/\/www.palada.net\/index.php\/2018\/03\/21\/news-5587\/"},"modified":"2018-03-21T11:00:56","modified_gmt":"2018-03-21T19:00:56","slug":"news-5587","status":"publish","type":"post","link":"http:\/\/www.palada.net\/index.php\/2018\/03\/21\/news-5587\/","title":{"rendered":"Circular economy: Good for the planet, good for power distribution"},"content":{"rendered":"

Credit to Author: Frederic Abbal| Date: Mon, 19 Mar 2018 18:49:50 +0000<\/strong><\/p>\n

The world is running out of critical resources. By 2050, demand for important resources like biomass and fossil energy is expected to surpass production by 40 billion tons<\/a>, leaving companies and consumers at risk from the shortfall. Shifting from the traditional \u201ctake, make, consume, and throw away\u201d economic model to a zero-waste, circular economy that focuses on making smarter decisions about resource use, using them to their maximum capacity, and reducing waste combats this global crisis. For electrical power distribution systems<\/a>, the circular economy model means designing long-lasting products that can be retrofitted, refurbished, repaired, reused, and upgraded — minimizing waste and increasing resource resilience.<\/p>\n

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Moving toward a global circular economy can have a major impact on fighting climate change because 67 percent of global greenhouse gas emissions are related to material management<\/a>. In fact, a new report found that a circular economy could cut natural resource use worldwide<\/a> by 28 percent and greenhouse gas emissions by 72 percent while still supporting economic growth and international environmental goals, such as those set in the Paris Agreement.<\/p>\n

These findings reinforce the idea that moving to a circular economy not only benefits the environment, but is also good for companies\u2019 bottom line. For example, it\u2019s predicted to allow European resource productivity<\/a> to grow up to 3 percent annually. This creates a primary resource benefit reaching an estimated \u20ac0.6 trillion per year to Europe\u2019s economies by 2030.<\/p>\n

Electrical distribution equipment is well positioned to play its part in the circular economy by retrofitting equipment instead of replacing it. Retrofitting equipment improves sustainability and minimizes the environmental impact of products while also bringing significant cost savings and prolonging the equipment\u2019s lifespan.<\/p>\n

An electrical distribution retrofit consists of replacing electrical distribution equipment components within medium voltage switchgear<\/a> to renew and upgrade or add new functionalities, like digital connectivity. This both prolongs the equipment\u2019s<\/a> life and also allows important modernizations and upgrades without costly product replacements. Retrofit operations can cost up to 65 percent less than new installations. They not only reduce equipment costs, but also the cost of process downtime, materials, transportation, and site work. Analyzing the product\u2019s complete environmental impact using life cycle assessment tools helps determine if it is more financially beneficial and environmentally efficient to retrofit or replace a piece of equipment.<\/p>\n

Using retrofit solutions, equipment manufacturers help customers accomplish more while using fewer resources, while at the same time protecting the environment. Discover more about how electrical distribution can benefit from moving from a linear to a circular economic model in our new white paper, \u201cHow Retrofit Services for Electrical Distribution Contribute to Circular Economy<\/a>.\u201d<\/p>\n

We\u2019re committed to supporting the circular economy as a member of the Ellen MacArthur Foundation\u2019s Circular Economy 100<\/a> program, an innovative program that brings together corporations, governments, academic institutions, small- and medium-sized businesses and others to foster industry\u2019s collective advancement toward a circular economy. Learn more<\/a> about how the foundation is enabling the development of new opportunities for a circular economy.<\/p>\n

A final note, we\u2019re heading into our Global Innovation Summit in Paris<\/a> at the beginning of April. There we\u2019ll not only be showing off the kind of technology I\u2019m talking about here, but also having a broader conversation about powering the digital economy. Hope to see you there!<\/p>\n

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The post Circular economy: Good for the planet, good for power distribution<\/a> appeared first on Schneider Electric Blog<\/a>.<\/p>\n

http:\/\/blog.schneider-electric.com\/feed\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Credit to Author: Frederic Abbal| Date: Mon, 19 Mar 2018 18:49:50 +0000<\/strong><\/p>\n

The world is running out of critical resources. By 2050, demand for important resources like biomass and fossil energy is expected to surpass production by 40 billion tons, leaving companies… Read more »<\/a><\/p>\n

The post Circular economy: Good for the planet, good for power distribution<\/a> appeared first on Schneider Electric Blog<\/a>.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[12389,12388],"tags":[17857,899,12857,17858,14173,14695,17802,12427,13019,12728],"class_list":["post-11817","post","type-post","status-publish","format-standard","hentry","category-scadaics","category-schneider","tag-circular-economy","tag-climate-change","tag-electrical-distribution","tag-ellen-macarthur","tag-power-distribution","tag-power-distribution-systems","tag-retrofit","tag-sustainability","tag-switchgear","tag-utilities"],"_links":{"self":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts\/11817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/comments?post=11817"}],"version-history":[{"count":0,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/posts\/11817\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/media?parent=11817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/categories?post=11817"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.palada.net\/index.php\/wp-json\/wp\/v2\/tags?post=11817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}