McKinsey quote of the day

“We’ve had a long period when the perceived risk associated with new solutions for the climate problem has been higher than it really is. Now we’re starting to get to a point where that is tipping. It’s becoming obvious how carbon capture and storage, hydrogen, and direct-air capture are fitting into the climate equation. And therefore finance can start to factor them into credible transition pathways for clients.”

Zoë Knight, managing director and group head, Centre of Sustainable Finance, HSBC, in “The energy transition unfolds,” from McKinsey’s COP26 Daily coverage