Materials Value and Productivity is one of the challenges identified by the World Economic Forum Platform for Shaping the Future of Energy and Materials.
Minerals, metals, chemicals and advanced materials are valuable building blocks of our productive economies.
Today, consumers require that materials and energy systems deliver greater performance while being responsible, sustainable, circular and traceable. As the world transitions from a linear to a systemic view of the economy, businesses must work with all stakeholders to ensure that value is maximized and the productivity of materials systems continues to increase while greater attention is given to the preservation of people and planet.
Under the current production-consumption model, world demand for raw materials could double by 2060. Investment, innovation and, above all, new business models are needed to ensure that net CO2 emissions fall to meet climate targets. Strong partnerships and commitments within the material and energy industries and across their value chains are essential to galvanize these actions.
The Materials Value and Productivity initiative aims to catalyse collective action to increase the net social, economic and environmental value delivered by materials through the creation of an enabling environment for their responsible, innovative and productive use across their entire lifecycle.
· Collaborative Innovation for Low-Carbon Emitting Technologies
Its objective is to accelerate the development and upscaling of low-carbon emitting technologies for chemicals production through collaborative innovation schemes, largely towards the deployment of processes with lower energy intensity. Chief technology officers and senior technical experts from leading oil and gas, chemical and electricity companies discuss challenges and strategic targets, focusing on technical areas whose development could be accelerated by collaboration and define actions for further work. Potential outcomes include the creation of collaborative schemes such as joint ventures, start-ups, alliances and others as appropriate.
· Net-Zero Steel initiative
The Net-Zero Steel initiative is an industry-led forum on identifying policy and market levers for transitioning the industry to net-zero emissions. The initiative brings together industry leaders to make progress on three priorities: developing a unified set of policy guidelines to underpin low-CO2 steel production and circumvent international competitiveness issues; creating a market for low-carbon steel products; and defining the investment needs for a credible transition path to a net-zero steel sector. The Net-Zero Steel initiative complements existing efforts – including dialogues led by industry associations and regional, international roadmaps, labelling initiatives and R&D partnerships.
· Shaping Responsible Materials Value Chains
This project is an industry-led research and development of blockchain solutions to catalyse and accelerate responsible sourcing, innovation and enhanced brand image. The initiative responds to a cross-industry desire to collaborate on blockchain technology to address responsible-sourcing-related pressures, necessary so that proof of concept, standards and solutions can be adopted at industry scale. The consortium will collaboratively experiment, develop and deploy blockchain to reduce missteps and embed best practices with the technology.
For more information, please contact the Platform Curators of Shaping the Future of Energy and Materials:
- Joanna Kolomanska-van Iperen (email@example.com)