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Ultimately, the industry is plagued with a variety of challenges that create a difficult market in which to operate and thrive in. In essence, increasing productivity and reducing costs are the keys to success in surviving the sector and, as a result, mining organisations are now increasingly looking to contain and reduce costs to sustain profitability, primarily through improvements in machine performance, reliability and efficiency.

Dow Electrical & Telecommunications, a business unit of The Dow Chemical Company (“Dow”), is a leading global provider of products, technology, solutions and expertise that sets standards for reliability, longevity, efficiency, ease of installation and protection that the power and telecommunications industries can count on in the transmission, distribution and consumption of power, voice and data. Understanding that collaboration is essential to success, Dow Electrical & Telecommunications works together with cable makers, other industry suppliers, utilities, municipalities, testing institutes and other organizations around the world to develop solutions and create mutual value that will sustain these industries for years to come. For more information, visit www.dow.com/electrical.

Three types of risk The expert group put together by the Commission has already identified three types of risks: Import risk, where raw materials are imported from a politically instable region or from a country where the market economy does not work. "That is relatively easy to do as the World Bank has put together governance indexes which measure the political and economic stability index of countries," the EU official explained.    Production risk within the EU, with potential problems such as land access. "If we are in a country for example where the population density is very high, where urbanisation is very high, obviously access will be weak," the EU official explained. Environmental risk, based on indicators such as air or soil pollution, where the impact of raw materials use is measured from an environmental point of view. "This is innovative compared to other studies," the EU official said. "We have just launched a life-cycle analysis to determine what the environmental impact is for each raw material in terms of exploitation, use, treatment, recycling etc., for air or soil pollution as well as emissions of greenhouse gases."

Modern service sector would boost jobs, income, and living standardsRobust, integrated financial system increases growth, improves welfarePromote inclusive growth and green policies to make growth sustainable

This represents something of a ‘show home’ example for the dream home of the future: sustainable, affordable, fast and made to order. Even Khrushchev and Nixon would have been moved to applaud.

One of the ways technology can contribute most to decarbonisation “is through the power of data,” the Commission says in a section dedicated to sustainability. Potential areas of application are multiple and include digital transport solutions, decentralised energy systems, and smart climate-neutral communities.