So much so that the climate action leader has furthered its sustainability mandate by launching large-scale decarbonization and operational pilots that will be implemented across sites.
BCG’s Approach to Decarbonization
Leading companies are proving that net zero decarbonization is a business opportunity that can bring sustainable competitive advantage. They aren’t just creating more value; they’re changing the game in their industries by showing the way to a profitable, decarbonized future.
At BCG, we take a highly sector- and company-specific approach to decarbonization, since each organization’s operating environment, assets, and regulatory constraints are unique. We help companies deploy decarbonization methods to reduce the carbon intensity of their operations and activities across the full value chain, and we help identify new business opportunities that can deliver sizable revenue streams.
We focus on a variety of high-impact decarbonization solutions, all of which represent both decarbonization levers and growth opportunities. They include:
Bioenergy
By utilizing organic materials and waste, bioenergy provides sustainable solutions to decarbonize operations. Bioenergy and biofuels can be integrated into existing infrastructure, enabling a smooth energy transition along the entire value chain—including feedstock growth and collection, biofuels and biogas refining, and marketing.
Carbon Capture, Utilization, and Storage (CCUS)
The world can scale the deployment of CCUS to levels needed to reach net zero emissions by 2050 without
breaking the bank. But it will require stakeholders across the value chain to collaborate on technology development, commercial partnerships, and capital-project execution.
Carbon Removals
Carbon dioxide removal technologies are essential to delivering the “net” in net zero. These technologies will provide a balance to anthropogenic emissions that are hard to abate. Multiple stakeholders need to work together and use early-stage technologies to scale and support market development.
Energy Storage
Batteries and other forms of energy storage are crucial to the small- and large-scale deployment of renewable energy and decarbonization efforts worldwide. Energy storage offers substantial business opportunities for a wide range of market players—not just auto and utilities—and delivers a clear first-mover advantage.
Green Building Materials and Construction
Massive opportunities exist to reduce the carbon footprint in the way we build our buildings and infrastructure. However, prioritizing low-carbon materials—such as cement, concrete, steel, and ceramics—and decarbonizing the supply chain and the way we build requires strong cross-industry collaboration and forward-thinking investments.
Green Building Technology and Renewable Heat
The built environment is responsible for approximately a third of global carbon emissions each year—and the majority of these emissions are released during the operation and maintenance phase of a building. Decarbonization solutions for buildings already exist, making net zero buildings an achievable goal; however, stakeholders must accelerate adoption and deployment.
Hydrogen and E-fuels
By 2050, an estimated 380 million tons per year of decarbonized hydrogen and other low-carbon fuels will be required to limit global warming. To meet future demand, companies must overcome hurdles related to
cost management, infrastructure, supply chains, and feedstocks.
Renewables and Low-carbon Solutions
The global energy landscape is undergoing a profound transformation. Developing and operating renewable energies at scale is key to realizing the decarbonization of societies. We support the shaping of renewable business opportunities with deep commercial, technical, and regulatory expertise to help companies identify the right strategies, investments, and operating models for low-carbon and renewable energy.
Scope 2 Emissions
Organizations must reduce their Scope 2 emissions—indirect emissions, typically from the use of electricity—by procuring clean electricity in cost-effective ways. We help clients develop net zero strategies that substitute electrification for traditional fossil-fuel energy systems.
We also help clients deploy forward-thinking decarbonization methods in sustainable operations—which reduce emissions across the product life cycle, increase sustainability in procurement and supply chain, enhance operational efficiency, and help transition to the circular economy—as well as nature-based solutions.
Our Clients’ Success in Decarbonization
A leading steel manufacturer, and one of the fastest-growing companies in the world, committed to deep decarbonization by reducing its CO2 emissions by more than 40% by 2030. BCG helped the company eliminate 9 million tons of CO2 from a single steel plant, and this successful decarbonization strategy is now being replicated across the entire organization.
Video
2024年5月6日
The Danish startup, a leading biomethane producer, employs an innovative energy-cluster concept to meet local needs—and is planning a global expansion.
Our Insights on Decarbonization Solutions
Article
2024年12月10日
Maritime transportation could become a key part of the carbon capture value chain, especially in Asia-Pacific.
Article
2024年11月4日
Companies that abate their methane emissions early can gain a significant competitive advantage. We’ve identified six steps that can ensure the abatement journey is a success.
Video
2024年10月18日
Insights from the 2024 BCG + CO2 AI Carbon Emissions Survey
Charlotte Degot of CO2 AI and BCG’s Diana Dimitrova discuss the survey’s findings and explain how AI is transforming decarbonization efforts.
Article
2024年9月30日
These aren’t traditional capital projects—so, to succeed, companies need to deploy new collaborative approaches, capabilities, and tools.
Article
2024年9月19日
Four major barriers stand between emerging climate technologies and adoption at scale. Here’s how earlier pioneering technologies—wind, CCGT, renewables, LNG, and solar—overcame them.
Video
2024年10月18日
Decarbonizing the Shipping Industry Is Possible
Some of the world’s biggest shipping companies are working together to enact systemic change, explains Tanja Ebbe Dalgaard of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.
Meet Our Decarbonization Consulting Leadership Team
BCG’s decarbonization consulting team has deep expertise in accelerating the path to net zero decarbonization, deep decarbonization, industrial decarbonization, hydrogen, carbon capture, and biofuels. Here are some of our experts in decarbonization.
