Accelerating Decarbonization: Tracking Progress in Industrial Clusters
Key Ideas
- The Transitioning Industrial Clusters initiative focuses on economic value, job creation, and greenhouse gas emissions as key metrics for measuring progress in decarbonization efforts.
- Collaboration among co-located businesses and public institutions is essential for successful decarbonization strategies and funding applications within industrial clusters.
- Cleveland State University's methodology in the Ohio Clean Hydrogen Hub Alliance demonstrates a credible approach for calculating KPIs related to emissions, job creation, and GDP contribution.
- Clusters in the United States can use publicly available data sources, like the EPA's Greenhouse Gas Reporting Programme, to calculate emissions-related KPIs at the regional level.
The World Economic Forum's Transitioning Industrial Clusters initiative, in partnership with Accenture and EPRI, aims to accelerate the decarbonization of hard-to-abate industrial sectors within clusters. By focusing on economic value, job creation, and greenhouse gas emissions as key metrics, the initiative emphasizes the importance of collaboration and trust-building among businesses and public institutions. Cleveland State University's methodology within the Ohio Clean Hydrogen Hub Alliance showcases a practical approach for calculating KPIs related to emissions, job creation, and GDP contribution, which could be replicated in other regions like the United Kingdom and the European Union. The Appalachian Regional Clean Hydrogen Hub, a part of the initiative, highlights the potential of hydrogen technology in driving economic growth and reducing emissions in Ohio's industrial sector. By leveraging publicly available data sources, industrial clusters can track and report KPIs at the cluster level, aiding in the transition towards sustainable practices. The article details how emissions intensity of GDP and employment can be calculated to indirectly determine cluster-level KPIs, showcasing a data-driven approach to decarbonization efforts.
Topics
Utilities
Energy Efficiency
Job Creation
Decarbonization
Collaboration
Economic Value
Greenhouse Gas Emissions
Industrial Clusters
KPIs
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