Capital-intensive, sustainable businesses offer growth on a scale achieved by technology juggernauts of recent decades. But they face a different set of challenges. Here’s how they can overcome them.
Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that reaching net-zero emissions will require “an immense effort” to invent, refine, and deploy climate technologies expressly intended to accelerate decarbonisation. In South Africa, PwC states that 80% of South Africa organisations surveyed by it have not yet made a net-zero commitment and are lagging their global peers in adopting environmental, social and governance (ESG).