The Path to Drawdown: Telepresence
From multipurpose-room systems, immersive telepresence, desktop systems, videophones, and cloud-based software systems, telepresence comes in many forms. But what they all have in common is that they can replace flying for business meetings and reduce overall air and land transportation.
Air travel is estimated to account for about 2.5% of global CO2 emissions. That’s more than 700 million tons of CO2 annually. A big chunk of this is from business air travel.
By integrating telepresence systems, companies, schools, hospitals and museums can offer their services and facilitate communication without being in the same place. This way they can avoid emissions from commutes and business travel by air. Not only that, telepresence can help cut costs and ease employee schedules by avoiding travel, enhance meeting productivity and faster decision-making, and increase interpersonal connection across geographies.
The global market for telepresence solutions is on the rapid rise, from US$2.2 billion in 2010 to US$3.3 billion in 2014. The novel coronavirus pandemic has further accelerated this adoption.
Project Drawdown estimates that, if telepresence is adopted widely enough to replace 16-30% of global air business travel by 2050, it can help avoid between 1 - 3.8 gigatons of CO2 equivalent emissions. This would mean that between 486 - 676 million business-related trips will be replaced, US$1.2-4.4 trillion worth of business travel savings, and between 107 - 143 million fewer unproductive travel hours.
Kaltura, Inc. (stock ticker: KLTR) offers video products that are heavily used in distance learning for virtual classrooms. Their Video Experience Cloud offers live, real-time, and on-demand video products. They also offer specialized industry solutions like Learning Management System video, Lecture Capture and Virtual Classroom for educational institutions. Kaltura is headquartered in New York City.
KLTR's Role in Drawdown
Kaltura offers a wide range of video and remote learning products. Their first offering was their LMS (Learning Management System) Video solution which they began selling to educational institutions. To enterprises, they offer their Video Portal products. Their Town Halls and Live Events enable users to broadcast web content.
Kaltura contributes to the Drawdown solution of telepresence, which can cut emissions from business travel and commutes.
KLTR: What We Like
While the COVID-19 was and continues to cause tragedy and loss, it forced companies around the world to continue operating remotely. Kaltura offered solutions (p. 4) to many of their needs, including real-time conferencing, virtual classroom, and virtual events products. We hope and expect these these products will continue to help companies reduce business travel and cut energy use from buildings.