Oil Rig With Stock Prices

Can Putin’s Ukrainian War Be the ‘Locomotive’ for Global Decarbonization?

March 16, 2022
If any good can come from the tragedy of Russia’s invasion of Ukraine, it will be the death of fossil fuels and the birth of mass global decarbonization.

UN Secretary General Antonio Guterres has said: "Fossil fuels are a dead end" adding that the Ukrainian war highlighted how vulnerable they made the global economy and energy security, a problem solvable only by "prompt, well-managed transition to renewables”.

Europe has been hit particularly hard: 25% of EU oil imports and nearly 50% of its gas come from Russia and commentators note how profits from these have helped Russian leader, Vladimir Putin, amass the ‘war chest’ to finance his designs on Ukraine.

After the UN Secretary General’s comments, decarbonization champion Michael Jansen—a World Economic Forum Top 100 Global Innovator*—and Founder and CEO of pioneering Digital Twin technology company Cityzenith, said: “Such weaponization of fossil fuels on top of Climate Change, shows we must dramatically improve energy resilience and cut carbon emissions as fast as technology allows.

“When oil majors like Shell also renounce their links with Russia—as happened this week—that can only accelerate the process.

“In fact, Putin’s order to invade Ukraine underlines a notorious quote from an earlier Russian leader, Leon Trotsky, who said ‘War is the locomotive of history'.

“In this case, it could be a powerful locomotive pulling and incentivizing us to decarbonize even faster, with consequent massive savings and efficiencies within our urban environments.”

Cityzenith’s SmartWorldOS Digital Twin platform is already deployed in a 'Clean Cities – Clean Future' initiative the company launched last year.

This can dramatically cut emissions in buildings and parts of 10 major cities including Las Vegas, New York, and Phoenix over the next year, expanding internationally to 300 cities over the next five years.

 “A SmartWorldOS Digital Twin of any building, infrastructures—such as a transport network or energy grid—or even a whole city, can identify many ways to streamline and transform the energy resilience of our built environment," Jansen added.

ABI Research forecast Digital Twins for urban planning would yield $280 billion in global cost savings by 2030, while Ernst and Young reported Digital Twins can reduce carbon emissions in urban areas by 50 to 100%, cut operating costs for building asset owners by 35% and boost productivity by 20%.

"Digital Twins can use data sensors in the physical world, to create what we define as our Real-World Metaverse where we can, in turn, track, simulate and monitor our own world and massively drive down the use of energy.

"This has huge applications for oil and gas, energy transition, buildings, and infrastructure, but a Cityzenith Digital Twin Real-World Metaverse can have its greatest success with cities, urban areas, and even individual buildings.

“This is crucial when cities contribute 60% of greenhouse gas emissions while consuming 78% of the world's primary energy.”

Jansen also spoke about Cityzenith’s pioneering carbon offset project to protect regions like the Amazon rainforest—often called the 'Lungs of the World'.

This will use Digital Twins to enable the forest's vital CO2 cleansing to be monitored, maintained, and harnessed by countries like Brazil as a carbon asset rather than be further cut down for agriculture and other uses.

"Decarbonization of the built environment is a key metric for Digital Twin technology,” said the Cityzenith CEO. “And its ability to link financial incentives like carbon credits will massively accelerate adoption by building asset owners because we have made it self-financing.

“How it works is that SmartWorldOS will create the world's first green building digitally tradeable asset using blockchain technology, linked directly to a carbon rewards program, creating a truly circular economy through Digital Twins.”

Former Brazilian ambassador and diplomat Arnildo Schildt, who recently led a COP26 delegation, welcomed collaboration with Cityzenith on a model enabling urban decarbonization linked to Brazil's farmers and forestry associations, governments, the UN, international banks, academics, and industry partners, as well as investors:

"We aim to harness a 'dynamic duo'—highly advanced nanosensors and Digital Twin technology—to monitor density, height, and emissions and protect the rainforest in real-time, whilst allowing building asset owners to trade carbon credits/offsets internationally and reward our farmers for their support.

"Carbon credit buyers then know that newly planted or established trees are not simply felled after the credits are bought. A secure market builds trust and certainty—massively important to credible buyers."

*Cityzenith is a World Economic Forum Top 100 Global Innovator, with Michael Jansen named as a Global Excellence Award Top 40 CEO for 2021 alongside Unilever's Alan Jope and VaynerX Chairman Gary Vaynerchuk.