McKinsey Making Net-Zero Aviation Possible

net zero within the sector by 2050 and to comply with a 1.5°C target. The Mission Possible Partnership At current emissions levels, staying within the global carbon budget for 1.5°C might slip out of reach in this decade. Yet efforts to slow climate change by reducing greenhouse gas (GHG) emissions run into a central challenge: some of the biggest emitters of greenhouse gases into the atmosphere — transportation sectors like aviation, shipping and trucking, and heavy industries like steel, aluminium, cement/concrete, and chemicals manufacturing — are the hardest to abate. Transitioning these industries to climate-neutral energy sources requires complex, costly, and sometimes immature technologies, as well as direct collaboration across the whole value chain, including companies, suppliers, customers, banks, institutional investors, and governments. Catalysing these changes is the goal of the Mission Possible Partnership (MPP), an alliance of climate leaders focused on supercharging efforts to decarbonise these industries. Our objective is to propel a committed community of CEOs from carbon-intensive industries, together with their financiers, customers, and suppliers, to agree and, more importantly, to act on the essential decisions required for decarbonising heavy industry and transport. Led by the Energy Transitions Commission, the Rocky Mountain Institute, the We Mean Business Coalition, and the World Economic Forum, MPP will orchestrate high-ambition disruption through net-zero industry platforms for seven of the world’s most hard-to-abate sectors: aviation, shipping, trucking, steel, aluminium, cement/concrete, and chemicals. The foundation of MPP’s approach: Sector Transition Strategies Transitioning heavy industry and transport to net-zero GHG emissions by 2050…

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Add to CalendarMWednesday Mar 11, 9:00am - 11:35am
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Call to order – Roll Call – Quorum Established – Land Acknowledgement We would like to acknowledge that our Agency operates in four present-day counties, which are the traditional lands of the Coast Salish people, past and present. This acknowledgement does not take the place of authentic relationships with indigenous communities in our jurisdiction and [...]