Industrial sectors produce the majority of global greenhouse-gas emissions, and they face a steep challenge to decarbonize. But decarbonizing operations and product offerings presents companies in these sectors with the most significant opportunity in a generation: a potential $9 trillion to $12 trillion in annual sales by 2030 as capital and customer demand shift toward a low-carbon economy, write McKinsey’s Peter Crispeels, Dieuwert Inia, Tomas Nauclér, Philipp Radtke, and coauthors in a recent article. On day 6 of COP28, check out these insights to explore the innovations needed to decarbonize and create value, expectations for the future, and ways to make solutions more affordable.
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Decarbonize and create value: How incumbents can tackle the steep challenge
A sector progress tracker for the net-zero transition
Global Energy Perspective 2023
Identifying opportunities and starting to build a new green business in the industrial sector