Decarbonising economies to combat the negative impacts of climate change is a complex journey. Many governments around the world have set a net zero target by 2050, with some setting their target to achieve net zero carbon emissions even faster.
To transition, global economies will need to navigate away from how they operate today industrially, to a net zero model. Economies will have to question every aspect of their energy, process, material and mobility decisions across every industry.
For industries without a target, plan or pathway to net zero, there will be increasing opposition, not only on environmental grounds, but also on whether their economic or business model will be viable going forward.
How are governments and industries positioned to chart their course in transitioning to net zero emissions? How are they responding to the impact of changing social values and stakeholder expectations? How will finance and investment decisions respond to this transition?
These questions are explored in our insights below and include five case studies that consider the learnings from the industries that are most exposed to the transition to net zero emissions.
“While the path ahead will not be easy, the acceptance that we need to decarbonise as rapidly as possible is necessary to mitigate the transition risks associated with climate change. The transition and choices available will be different for each organisation.”
Paul Gleeson, Group Director, Sustainability & Managing Director, Energy – Australia & New Zealand