2023, Vol. 5, Issue 6, Part A

Author(s): Kesar BD, Surayawanshi GD and Anarase GC

Abstract: Research into how Industry 4.0 technologies could improve carbon credit systems in the ASEAN countries and India takes an emphasis on their potential contribution to emissions reduction and their compatibility with the Sustainable Development Goals (SDGs). Carbon initiatives, Industry 4.0 technologies, and emissions reductions from published sources were analysed via ANOVA, correlation, and regression analysis on secondary data. The findings of a correlation analysis illustrating a strong degree of association (r = 0.83) between Industry 4.0 readiness and emission reduction showed that countries that are more prepared to implement Industry 4.0 technology, including Malaysia and India, exhibit larger carbon emission reductions. IoT and AI have been shown to dramatically reduce emissions using predictive maintenance and energy management. Finding that the introduction of Industry 4.0 technology to carbon credit systems can advance emissions trading and sustainable development, the study also concludes that this topic needs further exploration to overcome regulatory and infrastructure barriers, especially in poor nations. The study suggests ways to pump up digital infrastructure with cross sector cooperation and legislative actions while at the same time giving incentives for carbon credit schemes.

Pages: 53-56 | Views: 25 | Downloads: 8

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