The manufacturing industry can save USD bns through energy efficiency: Global industry players across various manufacturing sectors can offset an estimated four mn metric tons of greenhouse gas emissions annually — almost a third of current global CO2 output — and save as much as USD 437 bn yearly by 2030 if they implement 10 simple energy efficiency measures, Reuters writes, citing to a report by the Energy Efficiency Movement. Suggested measures in the report include efficient power audits, the incorporation of low-carbon production techniques for hard-to-abate sectors, adequate infrastructure connecting industrial plants and machines, and a thorough analysis of targeted industrial assets. The measures translate to 1.5 mn metric tons of carbon savings by 2024, two mn metric tons by 2025, and four mn metric tons by the end of the decade. The doubling down on energy efficiency measures spotlighted by EEM would be equivalent to taking 60% of combustion engine vehicles off roads, the report notes.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• A smashing new industry for old solar panels: A US startup is processing and recycling up to 7.5k solar panels a day by smashing and extracting bits of silver, copper, and aluminum. The market for recycled material can reach USD 2.7 bn by 2030 and USD 80 bn by 2050. (Bloomberg)