Could cleantech help reduce Austria’s emissions?
To do this, they will need to continue investing in clean technology solutions that are readily available, implementable, and scalable, particularly in their building sector.
Austria's buildings are continuing to become greener!
Austria has substantially reduced its residential and commercial buildings' emissions over the past few decades. However, the sector is still accountable for over 10% of the country's total emissions. Heating and cooling are responsible for almost 27% of this energy demand, which is only set to increase with the rise in extreme temperatures that go hand in hand with climate change. All this indicates that, although Austria is implementing noteworthy building emissions regulations and consumption restrictions, even further savings can be made in this area to drastically reduce energy consumption in time to meet its 2040 goal.
Could cleantech be the answer?
According to the Austrian Ministry of Sustainability and Tourism, in order to successfully and rapidly transform the nation's energy supply and consumption patterns, it needs to focus on resource saving, sustainable and innovative technologies, and the circular economy. One such example of a platform doing this is Smart Grids Austria, which supports energy- and cost-efficient consumption through coordinating sectors, pooling and sharing energy excesses and demands to promote intelligent grid systems.
Another company working to scale its operations grid-wide to save resources sustainably is BrainBox AI. Combining AI and cloud computing, this fully autonomous, plug-and-play solution is used in conjunction with commercial buildings' existing heating, ventilation, and air conditioning (HVAC) systems, rendering them predictive and self-adaptive while significantly reducing energy consumption. Advancing in leaps and bounds over a few short years, the flagship BrainBox AI product has innovated over 100 million ft2 of commercial real estate across 17 different countries, reducing buildings' emission rates by up to 40% and total annual energy costs by up to 25%. The company has grown globally from its headquarters in Montreal, expanding across five continents and creating a hub in Vienna, making a marked impact in central Europe. BrainBox AI chose Vienna mainly because of the city's climate initiatives and active efforts in combating climate change, but also because of it's central location in the middle of Europe.
Rapid reduction requires rapid implementation
Indeed, this November, BrainBox AI, together with nine other cleantech startups nominated for the Tech for Our Planet program, will join leaders and officials of 196 countries, including Austria, at COP26 in Glasgow, to showcase how its technology could be used to predict and manage commercial buildings' energy consumption across the grid.
With its scalability and its ability to be rapidly implemented, clean technology like BrainBox AI could be the key to achieving ambitious emissions reduction targets such as Austria's. With enough interest, investment, and adoption in these technologies, in addition to firm commitments to renewable energies and emissions reduction goals from a sufficient number of motivated nations, it could just be that a 1.5°C future is still within grasp.
Find out more about environmental technologies in Austria.