Tech Industry Must Collaborate to Solve Ongoing Energy Crisis, Says SAP Executive | Informatic direction

In order to help solve the current energy crisis, the technology industry must collaborate, according to Scott Russell, board member and chief customer success officer at SAP.

“The energy crisis is real. It’s in progress. This is not going to be solved just through dialogue at the geopolitical level, it is going to be solved through the use of technology and by helping to connect companies, by helping them to be physically able to meet these challenges together,” said- he insisted.

Scott Russell | Photo: SAP

Over the past year, European countries have gone through an energy crisis. Europe began to experience energy supply problems in 2021. Usually during the winter months the EU imports liquefied natural gas from the United States, Latin America and Russia, but the problems of power grid that Texas has faced have reduced liquefied natural gas shipments over the winter, plus the past two winters have been much colder than usual.

This year, the problem has been further exacerbated by the war in Ukraine and the lingering effects of the pandemic, which have led to high inflation rates and pushed up the price of energy, explained a report by The Week.

Germany is turning to coal power, as Russia has cut natural gas deliveries to Europe, and businesses and individuals are beginning to prepare for a cold, dark winter due to high heating costs and electricity.

The effects of the energy crisis also affect other countries, which are working to support Europe.

“The Canadian government is obviously committed to supporting its European partners. So whether you’re on the receiving side, whether you have shortages, or whether you have the ability to support like Canada, I think collaboration is the second point I would like to emphasize,” noted Russell.

According to Russell, in Canada, the intention to change and to be more sustainable is present.

At the government level, Canada is seeking to achieve net zero emissions by 2050 while banning the sale of new cars with combustion engines by 2035.

But Russell also noted that while these are good initiatives and Canada is heading in the right direction, it could do better.

“We see their active investments around their sustainability strategies… But companies need to lead the way here. We cannot wait for regulatory or other forums to drive this change,” he said.

He added that Canadian partners need to move from a priority to a reality, which means integrating the operational technology that enables companies to track, manage and reduce carbon emissions so that they can create circularity within the company. .

Russell suggested that it’s important for Canadian companies to debunk the myth that “profitability is influenced by sustainability.”

For more details, the original article (in English) is available at IT World Canadaa sister publication of Informatic direction.

French adaptation and translation by Renaud Larue-Langlois.


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