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The reduction targets of the world's largest corporations cut emissions by only 20 percent by 2030
Many companies can see the competitive advantages presented by decarbonization
Six action areas to speed up emission reduction plans
Munich, September 2022: The targets set by the 4,700 largest listed companies in the world will reduce CO2 emissions by just 20 percent by 2
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One third of output from primary – i.e. ore-based – steelmaking, around 29 million metric tons, must be produced in a more climate-friendly way
The necessary CO2 reductions will lead to additional annual costs for the industry in the double-digit-billion Euro range at the end of the decade
The transformation to green steel will have to be financed with the help of state aid and
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Green hydrogen is one of the cornerstones of the energy transition
Floating technology can harness wind along deeper coastal waters and increase the scope for low-cost hydrogen production
Further cost cutting is necessary if the European offshore wind energy sector is to stay competitiv
Munich, June 2021: The last decade saw a remarkable rise in offshore wind energy (OWE). T
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The price of CO2 would have to rise to up to 150 euros per metric ton by 2040 to achieve the Paris climate targets
Companies that do not actively pursue sustainability risk losing from 5 up to 50 percent of their profits
Cuts in emissions will become a competitive factor
Munich, April 2021: Companies have to become greener and more sustainable, or else they will face
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Technology transition needs to start within the next 5-10 years to meet European climate targets by 2050
Steel industry currently emits around 22 percent of industrial carbon emissions in the European Union
Hydrogen-based technologies are key to successful transformation
Financial viability and international competitiveness depend on state support, all the more given t