Posted by Alumni from McKinsey
August 14, 2020
The unexpectedly clean air that resulted in some places from steep COVID-19–induced drops in industrial activity appear unlikely to change a larger truth: the world is not yet on track to meet the greenhouse gas (GHG) emissions-reduction targets required by the 2015 Paris Climate Agreement. And it isn’t only the atmosphere that human activity is harming. At current growth rates, global annual waste generation would increase by 70 percent by 2050, while critical resources from minerals to clean water are being depleted at unsustainable rates.Industrial activities are responsible for the lion’s share of global carbon emissions. Roughly 28 percent of global GHG emissions came from industry in 2014, so unless industry can lower its emissions, the world will continue to struggle to reach its GHG-reduction goals. Companies generate greenhouse gasses directly in their factories, and indirectly through the consumption of electricity and the fossil fuels required to transport products... learn more