As the United Nations’ annual climate change conference (COP27) starts today in Sharm el-Sheikh, Egypt, many automakers will publicize their efforts to combat global warming. Last year During COP 26 in Glasgow endorsed net-zero emissions for greenhouse gas emissions. Given the extreme climate experiences during the past year, the need for accelerating the net-zero transition will likely be a hotly debated topic in Egypt. UN Secretary-General Antonio Guterres named the US and China as the two biggest problems. In fact, the European Union and India also aren’t meeting their climate change goals. These are the biggest four offending emitters. (read AutoInformed.com on: COP26 – CARB’s Liane Randolph New Chair of Transportation Decarbonisation Alliance)
Fasten your seat belt this is going to be a bumpy ride to save planet earth and the invasive species known as mankind. It will require collective action from all the participants and special interests. Moreover, the debate over how developed nations should support or subsidize less developed ones will likely be rancorous behind the scenes.
Latest McKinsey analysis indicates “in a scenario where the world reaches net zero by 2050, capital spending on equipment and infrastructure with relatively low emissions intensity would average $6.5 trillion/year.”
Today, Stellantis has outlined again its “Threefold strategy to reduce its carbon footprint.” More will be forthcoming from others. “Our push to net zero addresses all sources of greenhouse gas emissions, from Vehicles to Supply Chain, and Industrial and Sites,” Stellantis said. It has identified what it says are nine critical activities to reduce its carbon footprint across Scopes 1, 2 and 3 from COP26. The idea is to implement different practices and technologies and reduce the need for carbon offsets “to the bare minimum.”
- Scope 1: GHG emissions that occur from sources owned or controlled by the Stellantis.
- Scope 2: GHG emissions released from the generation of purchased energy consumed by the Stellantis.
- Scope 3: GHG emissions that occur from sources not owned or controlled by the Stellantis. (This clearly will be the hardest in our view – AutoCrat)
“Developing and deploying climate technologies is critical for the world’s net-zero agenda. Growth could await businesses willing to innovate quickly and to collaborate across value chains,” says McKinsey & Company.
The latest McKinsey analysis indicates that, “in a scenario where the world reaches net zero by 2050, capital spending on equipment and infrastructure with relatively low emissions intensity would average $6.5 trillion a year – more than two-thirds of the $9.2 trillion in annual capital spending during that time. Our view is that almost all of those low-emissions assets would include climate technologies.”
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About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
COP27 – Carbon Footprint Reduction Strategies Scrutinized
As the United Nations’ annual climate change conference (COP27) starts today in Sharm el-Sheikh, Egypt, many automakers will publicize their efforts to combat global warming. Last year During COP 26 in Glasgow endorsed net-zero emissions for greenhouse gas emissions. Given the extreme climate experiences during the past year, the need for accelerating the net-zero transition will likely be a hotly debated topic in Egypt. UN Secretary-General Antonio Guterres named the US and China as the two biggest problems. In fact, the European Union and India also aren’t meeting their climate change goals. These are the biggest four offending emitters. (read AutoInformed.com on: COP26 – CARB’s Liane Randolph New Chair of Transportation Decarbonisation Alliance)
Fasten your seat belt this is going to be a bumpy ride to save planet earth and the invasive species known as mankind. It will require collective action from all the participants and special interests. Moreover, the debate over how developed nations should support or subsidize less developed ones will likely be rancorous behind the scenes.
Latest McKinsey analysis indicates “in a scenario where the world reaches net zero by 2050, capital spending on equipment and infrastructure with relatively low emissions intensity would average $6.5 trillion/year.”
Today, Stellantis has outlined again its “Threefold strategy to reduce its carbon footprint.” More will be forthcoming from others. “Our push to net zero addresses all sources of greenhouse gas emissions, from Vehicles to Supply Chain, and Industrial and Sites,” Stellantis said. It has identified what it says are nine critical activities to reduce its carbon footprint across Scopes 1, 2 and 3 from COP26. The idea is to implement different practices and technologies and reduce the need for carbon offsets “to the bare minimum.”
“Developing and deploying climate technologies is critical for the world’s net-zero agenda. Growth could await businesses willing to innovate quickly and to collaborate across value chains,” says McKinsey & Company.
The latest McKinsey analysis indicates that, “in a scenario where the world reaches net zero by 2050, capital spending on equipment and infrastructure with relatively low emissions intensity would average $6.5 trillion a year – more than two-thirds of the $9.2 trillion in annual capital spending during that time. Our view is that almost all of those low-emissions assets would include climate technologies.”
AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.