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What is the future of sustainability?

Nov 17, 2024 | Public | 0 comments

A globe encircled by stylized data points and oversized green leaves and gear like shapes at it’s edges. It is placed against a light-blue backdrop with dominant hues of cyan and green.

A globe encircled by stylized data points and oversized green leaves and gear like shapes at it’s edges. It is placed against a light-blue backdrop with dominant hues of cyan and green.

Humanity stands at an inflection point. Our climate is warming at a concerning pace, and if we don’t take action, the situation will only worsen. But the global energy transition is entering a new phase of acceleration toward meeting the goals of the 2015 Paris Agreement. More leaders are realizing that their organizations can’t thrive in a world with cascading crises and unmanageable climate risks. And the most forward-looking leaders can set an example by demonstrating what’s possible. Here are ten critical pieces of the sustainability puzzle.

Digital generated image of solar panel system standing on circle with grass and flowers on blue background

Net zero is an ideal state where the amount of greenhouse gases released into the Earth’s atmosphere is equal to the amount removed. Emission removal and reduction through decarbonization efforts are needed to reach net zero.

Natural climate solutions, or NCS, are nature-based actions that either reduce or sequester greenhouse gas emissions, helping to protect, restore, and manage nature to further global climate goals.

A 3D rendering of light bulb covered with green grass and blooming yellow flowers against light gray background
Close up detail of two business people shaking hands with an ivy vine wrapped around their arms and connecting them.

COP refers to the United Nations’ annual conference on climate change. Its 29th meeting, COP29, is scheduled to begin November 11, 2024, in Baku, Azerbaijan.

Decarbonization is the reduction and removal of carbon dioxide and other greenhouse gases from the atmosphere.

A fluffy cumulus cloud with blue toned shadows set against a gray background.
3 wind turbines against a light blue sky.

Wind energy is a renewable source of electrical or mechanical power that could help transform the energy sector.

Biodiversity is the multitude of diverse organisms across an ecosystem. It is essential for supporting the health and sustainability of all life on Earth.

A male Eastern Bluebird perched on top of a mossy branch and set against a light blue background.
3D render of blue colored hydrogen molecules.

Hydrogen energy is an alternative to fossil fuels that may represent a cleaner way to power our world.

Sustainable fuels are made from renewable materials instead of from fossil fuels. They include biofuels made from organic matter, so-called green gasoline, and hydrogen-based fuels.

A green gas nozzle is shown against a light gray background with a leafy green plant coming out of the metal nozzle.
Five smoke stakes line up against a backdrop of a blue sky. A thick cloud of white smoke pours out from one of the stakes.

Scope 1, 2, and 3 emissions are greenhouse gases that are released across an organization’s entire value chain. Scope 3 emissions are the most complex, as they are released before and after a product is delivered or consumed.

The global stocktake is an assessment of progress made toward mitigating global warming since the Paris Agreement in 2015. The results from the first-ever global stocktake were discussed at COP28.

A globe in a vernier caliper set against a light gray background.

The post "What is the future of sustainability?" appeared first on McKinsey Insights

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