Sustainable vision supported by thyssenkrupp at Cotec meeting

At the 11th Cumbre de Cotec Europa, an event hosted by the Cotec Foundation, thyssenkrupp supported the organisation's vision for a sustainable model for the economy and production systems. Together with several European partners the company has already developed various products aimed at reducing waste and energy consumption in cities, where the largest amount of energy is consumed.

The King of Spain, Felipe VI, chaired the event together with the President of the Italian Republic, Sergio Mattarella; the President of the of the Portuguese Republic, Marcelo Rebelo de Sousa; the European Commissioner of Research, Science and Innovation, Carlos Moedas, and the Director-General for Environment of the European Commission, Daniel Calleja, along with stakeholders of the circular economy vision from the three participating countries.

Solutions are already being developed by thyssenkrupp that will help cities adapt to a new model, because buildings today are the biggest consumers of energy, accounting for 40 per cent of the energy consumed worldwide. Innovations like TWIN, consuming 30 per cent less energy than traditional elevators, or MULTI, which needs 50 per cent less floor space than existing high-rise elevators, will be key to designing sustainable cities. In this regard, thyssenkrupp believes Cotec's pan-European alliances actively advance the development of sustainability-oriented innovations, thereby promoting the transition to a new economy model.