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Only a fundamental transformation of our globaleconomy will allow us to limit global warming to 1.5°C. 2030 is not far away. Not only must we accelerate our own net-zero transformation, but we must help other businesses and industries reinvent themselves as well.
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainable investments” and projects; and business leaders must protect and grow their organization in an ever-changing globaleconomy.
A detailed analysis by McKinsey notes that the path to achieving net-zero will require a universal transformation of the globaleconomy throughout all energy and land-use systems, with significant capital allocations, costs, and shift in jobs. Dealing with the Scope 3 Challenge.
More than 70 countries , including the biggest polluters — have set a net-zero target, covering about 76% of global emissions. in 2019, net-zero pledges covered just 16% of the globaleconomy , and by 2021, nearly 70% had committed to achieving net-zero by 2050. Launched in October 2021, the SBTi’s Corporate Net-?Zero
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