Business Case Studies & Business Publications

Path to 2060: Decarbonizing the Industri...

Lenox, Michael, Du...

Research

Path to 2060: Decarbonizing the Industrial Sector (Batten Briefing)

Lenox, Michael; Duff, Rebecca

R-0007 | Published January 24, 2019 | 4 pages Research

Collection: Darden School of Business

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To avoid significant global disruption, scientists assert that global warming must be kept below a 2-degree Celsius rise from pre-industrial levels?a goal formalized in the 2015 Paris Climate Agreement. Meeting that challenge will require near-total decarbonization of global economic activity by 2060. The industrial sector accounts for close to a quarter of global greenhouse gas emissions. This briefing summarizes the key findings from the report titled "Path to 2060: Decarbonizing the Industrial Sector." Focusing on the most carbon-intensive industries?steel, cement, and petrochemicals?the report explores the technologies poised to decarbonize operations and the levers needed to accelerate their adoption.