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Investment in 5G is Key to Canada's Fight against Climate Change – Canada NewsWire

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Report highlights the importance of new wireless technologies, such as 5G, in reducing Canada’s carbon footprint

OTTAWA, ON, Oct. 7, 2020 /CNW/ – A fast and effective deployment of 5G wireless networks will play a key role in Canada achieving its climate change reduction commitments, according to a new report commissioned by the Canadian Wireless Telecommunications Association (CWTA) and developed by Accenture.

The report, “Accelerating 5G in Canada: The Role of 5G in the Fight Against Climate Change,” examines the important role that Canada’s wireless industry plays in the reduction of greenhouse gas emissions and how investments in new wireless technologies, such as 5G, are critical to further reducing Canada’s carbon footprint.

Climate change is one of the most pressing issues confronting individuals and governments around the world. As a signatory to the 2015 Paris Agreement, Canada has committed to reducing its greenhouse gas emissions to 30% below 2005 levels by 2030. In its recent Throne Speech, the federal government committed to exceed these targets. While the country is making progress, reaching even more rigorous targets set out in the Paris Agreement continues will be challenging.

5G will help Canada meet its reduction targets by dramatically increasing the energy efficiency of Canada’s wireless networks and enabling the creation and deployment of innovative technologies that will reduce energy consumption and carbon emissions in industries such as transportation, manufacturing, mining, forestry and critical building systems.

“This study reinforces just how significant the benefits of 5G will be for Canada,” said Tejas Rao, Managing Director and Global 5G Lead for Accenture’s Network Practice. “While we know from previous reports that 5G will foster much-needed economic growth and could create up to 250,000 new jobs in Canada, this study highlights the important role that 5G will have in fighting climate change by lowering carbon emissions, improving energy efficiency and enhancing precision for monitoring the environment.”

The report outlines how 5G will help reduce Canada’s environmental footprint, including:

  • It will allow network operators to be more energy efficient on a per unit output level. Energy used by a general 5G cell site will be 8-15% of what is currently used by a similar 4G cell site. Overall, it is predicted that 5G will support a thousand-fold traffic increase in the next 10 years, while the full network’s energy consumption will be half the current levels.
  • It will enable use cases that allow for improved carbon abatement from most industry verticals. Research shows that the use of wireless technologies in high-emitting industries has enabled abatement of approximately 10 times as much carbon as the mobile industry’s own operations have generated, and that the adoption of 5G could contribute an additional abatement of up to 20 per cent of total wireless technologies enabled abatement. Altogether, mobile technologies have the potential to address 23% of Canada’s total 2030 emission reduction target by 2025.
  • Ground-breaking new use cases. 5G will allow for a more connected society and enable new technologies that contribute to reductions to our carbon footprint such as autonomous vehicles or intelligent energy networks. In addition to carbon abatement, new use cases can increase the precision in monitoring the environment and combatting other forms of environmental degradation.

“The Government of Canada has made climate action a cornerstone of its plan to grow our economy and create jobs, and 5G will play an important role in achieving these objectives,” said Robert Ghiz, President & CEO of CWTA. “While we know that 5G will create jobs and drive economic growth, this new study shows that that 5G can achieve these results while also reducing Canada’s carbon footprint across multiple critical industry sectors. But delivering on the promise of a greener and more prosperous Canada requires policies that encourage private investment in network infrastructure and the support of all levels of government in reducing barriers to the deployment of 5G.”

The report can be found [here].

Previous Accenture/CWTA reports can be found [here] and [here]

About CWTA

The Canadian Wireless Telecommunications Association (CWTA) is the authority on wireless issues, developments and trends in Canada. It represents companies that provide services and products across the wireless sector. CWTA and its members are dedicated to maintaining Canada’s leadership in wireless communications and ensuring that all Canadians can enjoy the benefits of advanced wireless connectivity. CWTA administers a number of initiatives on behalf of its members, including corporate social responsibility programs and the national common short codes program.

SOURCE Canadian Wireless Telecommunications Association

For further information: Media Inquiries: CWTA, Greg Burch, 204-250-9244, [email protected]

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www.cwta.ca

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

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TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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