Analysis from McKinsey & Company’s 2023 Global Energy Perspective shows that tackling energy transition technology bottlenecks with substitute materials, innovation, infrastructure build out and regulation will be crucial to achieving net zero targets that aim to limit global warming to well below 2°C above pre-industrial levels and to pursue efforts to limit temperature increases to […]
Hydrogen Insights: Global project funnel gains momentum across value chain and geographies – EQ Mag
Momentum continues to grow in hydrogen: +35% announced investments from May 2022 to January 2023, bringing total large-scale projects to >1,000 Deployment also faces headwinds from strained supply chains, inflation, higher interest rates and permitting delays – $29bn of investments have been committed, an increase of $7bn North America charges ahead, fuelled by new incentives […]
Could electric vehicles be hacked? – EQ Mag
Will electric cars and trucks be the next playground for hackers? Some cybersecurity experts are raising the alarm, describing disturbing scenarios of possible attacks that include vehicles careening off the road or catching fire. Electric vehicles are packed with chips and software that control everything from their batteries and motors to cruise control and braking. […]
How to accelerate innovation in new green business building – EQ Mag
Companies that want to scale quickly must cultivate deep market knowledge and a culture that embraces learning through failure. India-based industrial biotechnology company Praj Industries has spent decades making innovation and growth fundamental to its business while also being mindful of how its actions affect the planet, people, and local communities. Consequently, the organization has […]
How a global components manufacturer built an ambitious carbon reduction roadmap – EQ Mag
Danfoss is working to decarbonize the supply chain for some of the world’s most emission-heavy sectors with the help of McKinsey. Inside every machine are countless essential components, and the makers of those components contribute to carbon emissions for the life of those technologies. In fact, given Scope 3 emissions in their supply chains, manufacturing, […]
The big picture at Davos: How businesses can capture sustainable opportunities – EQ Mag
McKinsey partner, Yuito Yamada, talks about the biggest issues being discussed at the World Economic Forum Annual Meeting, including how companies are thinking about sustainability. McKinsey: What are some of the core issues being discussed at Davos this year? Yuito Yamada: So, let me start off by talking about a few of the topics and […]
Fleet decarbonization: Operationalizing the transition – EQ Mag
Fleet operators are under pressure to transition to greener business models. A strategic approach can help ensure that they optimize costs and engage effectively with new technologies. Transportation is responsible for about 27 percent of US greenhouse-gas emissions, primarily from the burning of fossil fuels for cars, trucks, ships, trains, and planes. For fleet operators, […]
How AI can assist in Asia’s net-zero transition – EQ Mag
AI is one of the key enabling technologies in addressing sustainability challenges in Asia, says Michael Zeller, head of AI Strategy and Solutions at Temasek. McKinsey chatted to Michael Zeller about how AI can aid Asia in its journey to net zero. He talked about the vital role AI can play—particularly in addressing the energy […]
Ready, set, grow: Winning the M&A race for renewables developers – EQ Mag
As competition rises, acquirers will become more disciplined to capture value from renewables targets by aligning with long-term strategy, enhancing due diligence, and ensuring business continuity. As global capacity of renewable-energy sources increases rapidly in the effort to decarbonize power generation, acquisitions for renewables developers have been rising substantially and have become ever more central […]
Why high-quality partnerships are key to funding net-zero strategies – EQ Mag
Governments and companies are committed to the decarbonization agenda. How can banks reconcile their risk appetite and play a role in funding the transition to net-zero? McKinsey interviewed Mark Whelan, group executive, institutional, at ANZ, an Australian multinational banking and financial-services company. He identified champions of the net-zero agenda and delved into ways in which […]