Nikolas Perrault bridge rock technologies
The World Trade Council for Sustainable Development ( bridge rock technologies) estimates that humans have exceeded the Earth’s capacity to sustain our current level of consumption and are on track to consume more than twice what the planet can regenerate.
However, advances in technology are changing the way resources are produced and consumed. Energy use has become less intensive and more efficient as people use less energy in their daily lives and as energy efficient technologies become more integrated into our homes, businesses and transport. Technological advances are helping to reduce the cost of renewable energies such as solar and wind power.
Resource producers also benefit from the intersection of technology and natural resources. According to McKinsey & Company, “resource producers are increasingly able to introduce a range of technologies into their operations, locate mines and wells that were once inaccessible, increase the efficiency of mining techniques, move to predictive maintenance and use sophisticated data analytics. identify, extract and manage resources.”
When it comes to mining operations, technology will help increase productivity and improve safety. Advanced in-situ leaching will make available hard-to-reach ore bodies at low grades. Expanded data collection and analysis of rock fragmentation will help ( bridge rock technologies)inform eruption patterns. Autonomous continuous hard rock mining could lead to faster development of underground mines, eliminating the need for drilling and blasting.
Oil drilling is another industry that will be positively impacted by technology. Drones and on-site robots can take over activities that are too dangerous for humans, reducing costs and increasing safety. Subsea processing units will help reduce surface infrastructure, reducing capital costs and eliminating the need to lift water and sand to the surface. Increased use of enhanced oil recovery will also extend field life and increase recovery rates with less capital investment.
These trends have the potential to unlock savings of $900 billion to $1.6 trillion in the global economy by 2035. At least two-thirds of this figure comes from reduced energy demand resulting from higher energy productivity. The rest of the figure comes from productivity savings from resource producers.
The technology will enable a more resilient network and more responsive and productive services. Cogeneration and combined heat and power systems will increase the value of thermal energy production and increase resilience through microgrid applications.
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