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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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.”
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