Roland Berger: The 1.5°C target can be more easily reached by joining forces with the world’s largest carbon dioxide emitters

By: Trademagazin Date: 2024. 07. 05. 11:26

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The world’s thousand largest carbon dioxide-emitting industrial assets are owned by four hundred companies and together they emit about 8 gigatonnes of carbon dioxide annually. If the devices emitting this amount were made completely carbon dioxide-free, then by the end of the decade, a third of the emission reduction necessary to achieve the goal included in the Paris Agreement would be achieved.

Depending on the technology used, this would cost between 7.5 and 10.5 trillion USD. These findings emerge from the “Global Carbon Transformation Plan” study, in which Roland Berger experts analyzed the world’s 1,000 most carbon-intensive assets and identified their decarbonization opportunities, as well as the associated costs.

The probability of complying with the Paris Agreement and limiting global warming to 1.5°C is currently only 14%. Only a leap forward in sustainability efforts can put the world on the path to a more sustainable future. Roland Berger’s new study, the Global Carbon Restructuring Plan, shows that decarbonizing the 1,000 most CO2-intensive assets – mostly power plants or iron and steel plants – can drastically improve these chances – at an affordable price for the owners.
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