{"id":457178,"date":"2021-03-15T07:00:41","date_gmt":"2021-03-15T11:00:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457178"},"modified":"2021-03-15T07:00:41","modified_gmt":"2021-03-15T11:00:41","slug":"the-circular-economy-can-help-reduce-vehicle-lifetime-emissions-by-up-to-75-by-2030-according-to-accenture-and-the-world-economic-forum","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-circular-economy-can-help-reduce-vehicle-lifetime-emissions-by-up-to-75-by-2030-according-to-accenture-and-the-world-economic-forum\/","title":{"rendered":"The Circular Economy Can Help Reduce Vehicle Lifetime Emissions by up to 75% by 2030, according to Accenture and the World Economic Forum"},"content":{"rendered":"

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The Circular Economy Can Help Reduce Vehicle Lifetime Emissions by up to 75% by 2030, according to Accenture and the World Economic Forum<\/b><\/p>\n

\nThe automotive industry must take swift action now to decarbonize and prepare for increased mobility demands\n<\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nThe adoption of circular economy practices combined with accelerated electrification in the automotive industry has the potential to reduce carbon emissions by up to 75% and non-circular resource consumption by up to 80% per mile by 2030, according to a report from Accenture (NYSE: ACN), the World Economic Forum, and the World Business Council for Sustainable Development.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210315005074\/en\/<\/a><\/p>\n

\"Accenture,<\/p>\n

Accenture, the World Economic Forum, and the World Business Council for Sustainable Development are showing how the Circular Cars Initiative could help lower mobility emissions enough to limit global warming. (Photo: Business Wire)<\/p>\n<\/div>\n

\nThe report, \u201cRaising Ambitions: A new roadmap for the automotive circular economy<\/a>,\u201d is based on an Accenture analysis that finds mobility demand \u2014 in terms of both passenger miles and predicted vehicle stock \u2014 is expected to increase 70% globally by 2030. The automotive industry can prepare for this demand, while also decarbonizing to contribute to limiting global warming to less than 1.5\u00b0C, by achieving circularity through the lens of energy, water, waste, materials, vehicle lifetime and use.\n<\/p>\n

\n\u201cCircular cars will be a key building block to serve the growing mobility demand, while at the same time reducing resource consumption and carbon emissions to a level that is truly sustainable,\u201d said Axel Schmidt, a senior managing director at Accenture who leads its Automotive industry group globally. \u201cWhile many vehicle manufacturers have already set net-zero goals toward carbon neutrality, the roadmap for automotive circularity must be a core element of this transformation and ambition.\u201d\n<\/p>\n

\nAccording to the report, circularity in the automotive ecosystem can be accomplished through four key transformation pathways:\n<\/p>\n