Source: McKinsey

Companies can both decarbonize and boost long-term growth. But it means pushing beyond abatement curves’ focus on cost and instead empowering people—while making a few big, strategic bets.

Before the COVID-19 pandemic, environmental, social, and governance (ESG) issues had become priority concerns for governments, businesses, investors, and consumers. As the world looks forward to the postpandemic next normal, these themes are likely to return to the top of executives’ agendas. Among them, the need to eliminate emissions of greenhouse gases may be the most difficult to address.

Many companies have already committed themselves to deep, long-term reductions in greenhouse-gas emissions. Others will be forced to act by customers, investors, and governments…

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