Transitioning to a net-zero world

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Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   New from McKinsey & Company   Curated by Joyce Yoo   Digital Editor, New York Seizing green business opportunities For business leaders, building green businesses is a priority—and a major opportunity. Ninety-two percent of executives say that they will build new businesses that address sustainability to some extent, and 42 percent expect to put sustainability at the center of their new businesses' value proposition, according to Leap by McKinsey's state of new-business building report. So what does green businesses mean for spending, output, and job creation for eight industries including steel, power, food & agriculture, and forestry? Check out a series of interactive timelines by senior partners Hamid Samandari and Humayun Tai, and their coauthors, and explore what a net-zero transition could look like for each industry. Read more Spotting green business opportunities in a surging net-zero world Explore how 8 industries may transition to reach a 2050 net-zero scenario, and how organizations can respond with new green businesses that create value along the way. Be bold Transition to net zero: Power Unlocking value from the expansion of renewable- and low-emissions power generation may depend on managing volatility and dispatchable capacity, as well as the rising costs of electricity. Level up  Transition to net zero: Fossil fuels As the world turns to low-carbon energy sources, implementing a net-zero scenario would significantly cut the use of fossil fuels. Reconsider hydrogen Transition to net zero: Steel Steel companies quick to decarbonize their operations may be better placed to capture new market opportunities in the long term. Reinvent and innovate  Transition to net zero: Buildings Net-zero builders can create value by investing in next-generation technologies, replacing equipment with low-emissions models, and improving energy efficiency. Dive deeper  Transition to net zero: Cement For cement companies and their value chain partners, opportunities for value creation could arise as customers look for low-emissions building materials. Envision it now  Transition to net zero: Road mobility In a net-zero economy, low-emission cars and trucks would own the roads. For vehicle manufacturers, that would mean big shifts in capital spending and employment. Accelerate the shift Transition to net zero: Food & agriculture To capture value from the net-zero transition, food and agriculture leaders turn to efficiency enhancements, carbon sequestration, and alternative proteins. Build momentum  Transition to net zero: Forestry Stopping deforestation will be critical to halting climate change. Natural climate solutions could provide new lines of revenue as the world's carbon markets mature. Grow more trees  To see more essential reading on topics that matter, visit McKinsey Themes. Follow our thinking Share these insights Did you enjoy this email? Forward it to colleagues and friends so they can subscribe too. Was this forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to our Sustainability alert list. Manage subscriptions | Unsubscribe Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007