VivaTech 2021: How can technology accelerate energy efficiency?

What can industrials do to increase energy efficiency? How can technology boost this transition? And what are the financial levers to enable it?

To reach the objective set by the European Union and become carbon neutral by 2050, we need a more rational use of energy in all sectors. Indeed, energy efficiency is the first lever to reduce greenhouse gas emissions: it could account for 40% of carbon reductions by 2050. How can technology accelerate our transition to a low carbon economy and society? What role will the industry play to enable energy efficiency at large?

This is what Constance Chalchat, Head of CIB Company Engagement at BNP Paribas, discussed with Nicolas Petrovic, CEO of Siemens France and Belgium, and Vincent Sciandra, CEO of cleantech start-up Metron, at Viva Technology, Europe’s biggest tech event, on Thursday 17 June 2021.

Internet of Things (IoT) and technology, thanks to digitalisation and automation, software and robots, can help reduce waste, increase productivity and quality, as well as put the human back at the centre of more qualified, interesting activities.

Watch the replay of their discussion:

In terms of CO2 emissions, all the solutions will come from the industry. We invest a lot in R&D, but we also rely a lot on start-ups because they are more innovative. Partnering with them, helping them reach out to new customers or industrialise their solutions: that’s the right combination to find the solutions for the future.

Nicolas Petrovic, Chief Executive Officer, Siemens France & Belgium

Acting for energy efficiency in order to achieve carbon neutrality or reducing the impact of the industries by 2050 starts now, and technologies are here to help this leverage.

Vincent Sciandra, Chief Executive Officer, Metron

At BNP Paribas, we have a fund to invest in start-ups that provide solutions for the energy transition. We also invest in the long-term solutions to be able to have the technology that will help the second part of the journey to net-zero. We incubate start-ups to accompany them, finance their growth, and also introduce them to corporate clients.

Constance Chalchat, Head of CIB Company Engagement, BNP Paribas