Everyone agrees decarbonisation needs to happen; the disagreements arise on how to do it. Countries across Europe have announced their intention to become carbon neutral over the coming decades. Norway has targets for 2030, while the UK and France, have goals that extend to 2050. Backing the right technologies will be crucial to meeting these ambitious targets while retaining a competitive position over the years to come.
What is the fastest way to decarbonise?
The fastest way to decarbonise is to immediately cease all company activities that generate carbon emissions. But for most companies this is not an option. So, what can be done?
Energy efficiency and conservation measures can help to decarbonise, as can the production of low carbon electricity. Clearly, the path to decarbonisation will require firms to make drastic changes. In view of this, the fastest way to decarbonise is to align stakeholders’ incentives around decarbonisation goals and identify ways to strengthen businesses through decarbonisation. But to set ambitious decarbonisation goals, you must first understand the amount of carbon you’re producing, along with the amount of carbon produced by your suppliers. And this is currently a challenge.