Decarbonizing the economy seems overwhelming, but the KPMG white paper “The Decarbonization Journey” is a valuable resource for companies seeking to assess how to get started in the near term and developing their own long-term strategies.
The contributing author Michael Hayes, KPMG’s Global Climate Change and Decarbonization Leader, writes: “Creating a low-carbon economy over the next 30 years is going to be one of the greatest challenges ever faced by the human race – we will not succeed unless there is a total and complete focus on decarbonization across all economic sectors.”
Learn what the five pillars to net zero are by reading this report available for downloading from KPMG HERE.
The authors write in their introduction that “The number of countries announcing pledges to achieve net-zero emissions over the coming decades continues to grow. But the pledges by governments to date – even if fully achieved – fall well short of what is required to bring global energy-related carbon dioxide emissions to net zero by 2050 and give the world an even chance of limiting the global temperature rise to 1.5 °C.”
“This special report is the world’s first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth. It sets out a cost-effective and economically productive pathway, resulting in a clean, dynamic and resilient energy economy dominated by renewables like solar and wind instead of fossil fuels. The report also examines key uncertainties, such as the roles of bioenergy, carbon capture and behavioural changes in reaching net zero.”