Intel Set to Invest $300 Million in Energy Conservation- Stepping Towards Carbon Neutrality by 2040

Intel has stated its goals and commitment to reduce its direct and indirect greenhouse gas emissions while also developing more environmentally friendly technology. Company has committed to achieving net-zero greenhouse gas emissions by 2040 in all of its global operations. It has also set explicit goals to improve the energy efficiency and reduce the carbon footprint of Intel products and platforms. Intel will collaborate with customers and industry partners to develop solutions that reduce the technology ecosystem’s carbon impact.

Intel chief executive officer, Pat Gelsinger has reiterated companies’ commitment towards carbon neutrality and emphasised that Climate change is posing a serious challenge worldwide. He said that Protecting planet necessitates quick action and new perspectives on how the world works. Intel is in a unique position as one of the world’s leading semiconductor design and manufacturing firms to make a difference not only in its own operations, but also by making it easier for customers, partners, and whole value chain to take meaningful action.

Intel has set the interim milestones for 2030 in order to achieve its carbon goal. Intel will use 100 percent renewable electricity in all of its businesses around the world and will Invest about $300 million in energy conservation at its sites, resulting in a total energy savings of 4 billion kilowatt hours. Intel is set to construct new factories and facilities that satisfy the LEED programme criteria of the United States Green Building Council, including newly announced investments in the United States, Europe, and Asia.

In order to achieve this vision, Intel will launch a cross-industry research and development project to explore greener chemicals with lower global warming potential and develop innovative abatement equipment.

Intel’s cumulative greenhouse gas emissions over the last decade have been roughly 75% lower than they would have been if investments and action had not been made. Furthermore, the corporation is committed to tackling climate impacts across its whole value chain, both upstream and downstream. Intel’s strategy focuses on collaborating with suppliers and customers to cut overall emissions aggressively.

Intel is working with its suppliers to identify areas for improvement, such as increasing supplier focus on energy conservation and renewable energy sourcing, increasing chemical and resource efficiencies, and leading cross-industry consortia to help the semiconductor manufacturing value chain transition to a net-zero greenhouse gas manufacturing value chain. Intel has committed to working with suppliers to reduce supply chain greenhouse gas emissions by at least 30% by 2030 compared to what they would be if no investment and action were taken.

Staff Galactik Views

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