Maybe you have watched the movie “Don’t Look Up”, which started broadcasting on Netflix recently. In the movie, a group of scientists discover a meteorite that will hit the earth in 6 months but cannot convince the rest of the world to take it seriously.
Unfortunately, we are actually living in the movie. The meteorite is the climate crisis. The process, portrayed as 6 months in the movie, is about 30 years in real life. Anyone at their 30s/40s today is likely to see the dramatic effects if they have the time.
Climate change can be defined as the changes in the mean state and/or variability of the climate over a period of decades or more. Activities to combat the climate crisis also focus on goals such as reducing root-cause greenhouse gas emissions and adapting to the effects of climate change.
In the 2019/2020 period, a financing source of 632 billion dollars has been created for mitigation and adaptation efforts all over the world. However, 6 trillion dollars of resources are required every year, starting from 2040, in order to reach the targets. In order to limit global warming to 1.5 degrees, the amount must immediately increase to at least 3 trillion dollars this year. Therefore, as humanity, we are going far behind the target, and we desperately need acceleration.
The way to reduce or reverse the effects of global warming passes through energy and transportation sectors. Considering that we are in the middle of a revolution that is taking place in the transportation sector with electric vehicles, the transformations in how we produce and consume energy open an important area of improvement in the fight against the climate crisis.
This is where smartPulse fulfills a mission with added value in the fight against the climate crisis. Basically, it makes it easier to overcome the infrastructure bottlenecks facing the efforts. smartPulse provides monitoring, operations, forecasting and algorithmic trading by connecting all market participants, energy exchanges, grid operators, generation facilities, consumption points, and service providers (such as wind forecasting) on an end-to-end software platform. In this way, it increases the economic feasibility of renewable energy sources and energy storage facilities, and helps capture the value of flexibility.
Mustafa Kerem Topuz
