Net Zero by 2050: Industrial Decarbonization Gains Momentum to Fight Climate Change
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Climate change has stressed the need for industrial decarbonization, which aims to cut down carbon emissions from industrial activities via advanced technologies such as CCUS and promoted by smart policies and sturdy funding. Its main goal is to achieve net zero emissions by 2050. Business leaders rush to acknowledge the importance of decarbonizing their operations to create long-term value in an emerging low-carbon economy. Large enterprises are actively scouting for senior talent to execute their recently announced decarbonization goals. Nationally Determined Contributions (NDCs), corporate initiatives, government policies, and the growing scope of CO2 utilization are all driving industrial decarbonization. Retrofitting CCUS technologies to existing industrial infrastructure will become crucial to reaching net zero by 2050.
The US announced a plan to reduce at least 50% carbon emissions from 2005 levels by 2030. China has also vowed to cut greenhouse gases to hit a peak by 2030 and reach carbon neutrality by 2060. There was a renewed focus on the ‘carbon footprint’ of cryptocurrency transactions, especially bitcoin, and the need to reduce the carbon footprint of steel, shipping, aviation, and trucking industries.
During the Climate Change Conference of the Parties (COP) in Paris in 2015, top-emitting countries pledged commitments called the Nationally Determined Contributions (NDCs) to reduce country-level emissions. The corporate strive towards achieving sustainable development goals (SDGs) and the adoption of digitalization has further boosted industrial decarbonization.
What is the regional and country-level outlook of the industrial decarbonization sector?
The top ten countries with mentions of decarbonization and related keywords in company filings are the US, India, the UK, Japan, Canada, Hong Kong, Australia, China, Germany, and France. The US accounts for the majority of decarbonization mentions in company filings. The decarbonization mentions in company filings of the US-based companies were focused on reducing carbon footprint from their operations and implementing decarbonization solutions such as renewable power generation, green hydrogen, blue hydrogen, CCUS, electrification, biofuels, and energy efficiency efforts. India, the UK, Japan, and Canada-based companies highlighted energy-saving goals, electrification efforts, zero emission targets, net zero ambitions, and alternate fuels like methanol.
Industrial decarbonization sector, by regions
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What are the key emerging technologies and concepts in the industrial decarbonization sector?
The key emerging technologies and concepts in the industrial decarbonization sector are green manufacturing, carbon capture-as-a-service (CCaaS), industrial IoT (IIoT), unmanned vehicles, and packaging 4.0.
Green manufacturing is adopting sustainable practices, such as less water and land utilization, minimal waste, biodegradable packaging, adopting bio-sourced chemicals, and others. The purpose for adapting such practices is to mitigate environmental impacts, primarily carbon emissions. Carbon capture-as-a-service companies would offer source-to-storage decarbonization and retrofit CCS techs into existing industrial plants to maximize the abatement of CO2. Energy-efficient communications and computation mechanisms in IIoT systems can reduce the consumption of energy and lower carbon emissions, thereby promoting decarbonization across heavy industries. Aerial drones help to sow seeds, fertilize fields more precisely, and protect insects. The vehicles can also minimize labor and energy-intensive processes in material handling, storage, and logistics facilities on-sites adding to the overall carbon mitigation. Connecting to smart grids can make them renewable. Packaging 4.0 is an extension of traditional smart packaging, which optimizes supply chains, enables the conservation of resources, and prevents their wastage.
Market report scope
Key countries | The US, India, The UK, Japan, Canada, Hong Kong, Australia, China, Germany, and France |
Key emerging technologies | Green Manufacturing, Carbon Capture-As-A-Service (Ccaas), Industrial IoT (IIoT), Unmanned Vehicles, and Packaging 4.0 |
This report provides:
- Impact of climate change, facts and figures, need for industrial decarbonization, technology overview, notable global efforts, and a market map of disruptors.
- The presentation of decarbonization from the media perspective. The section presents the decarbonization commitments of global corporations to achieve net zero. It also includes mentions of decarbonization in company annual filings and hiring trends.
- Outlines of the venture capital funding trends by value, volume, and geography with some of the popular deals, notable investors, active startup accelerators, and CVC investors pumping millions into the technology growth.
- Game-changing company innovations with a spotlight on startups. Select corporate-startup partnerships inclined at future product developments. The section also highlights notable big tech vendor solutions.
- A broad-level analysis of the trends in patent filings and grants, technology leaders, filing trends by technology and industry, priority countries, and some interesting patents in the industrial decarbonization technology development.
- The drivers and challenges, COP26 pledges, corporate commitments, digitization in decarbonization, potential policies to promote decarbonization, CO2 utilization, and the outlook.
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ABB
Acciona
Adidas
AECOM
Aether Diamonds
Air Liquide
Air Products
Airbus
Aker Carbon Capture
Alstom
Amazon
American Airlines
AngloAmerican
Apple
Arcadia
ArcelorMittal
Arnergy
Asahi Kasei
Asics
AstraZeneca
Atos
Aurora
Baidu
Baker Hughes
Bank of America
Baowu
BASF
BHP
Black & Veatch
Bloomberg
Blue Planet
Blue Raven Solar
Blue World Technologies
BMW
Boeing
BorgWarner
Bosch
Boston Metal
Bozzuto
BP
BrainBox AI
Breakthrough Energy
Brookfield Business Partners
BYD
Byton
CA Assurances
Capgemini
Carbfix
CarbiCrete
Carbon Clean
Carbon Engineering
CarbonBuilt
CarbonCure
CarbonFree
Cargill
CCm Technologies
Cemex
Cemvita
Centrica
Chevron
China Cinda Asset Management
Cisco
Citibank
Clarios
CNES
CNPC
Coca-Cola HBC
Cognizant
Commonwealth Fusion Systems
ConocoPhillips
Continental
Corteva
C-Zero
Daimler
Daiwa House
Danfoss
Dell
Deloitte
Denso
Divigas
Dow
Drager
Dupont
E.ON
EAST Group
Eaton
ecobee
EDF
El Paso Water
Electrasteel
Emerson
Endesa
Enel
ENEOS
Energinet
Energy Dome
Energy Vault
Engie
Eni
Enpal
Equinor
Essential Utilities
Everfuel
ExxonMobil
EY
Farasis
Faurecia
FedEx
Flock Freight
Ford
Form Energy
Foxconn
Fujitsu
Gazprom
GE
GeoPura
Glencore
GM
Gogoro
Goldwind
Gree Electric
Greenstat
GSK
H&M
H2 Green Steel
Harvey Nichols
HeidelbergCement
Heliogen
Helion Energy
Henkel
Highland Electric Transportation
Hillhouse Capital
Hitachi
Hindustan Aeronautics
Hoeller Electrolyzer
Holcim
Honda
Honeywell
HP
HYBRIT
Hyundai
Iberdrola
IBM
Impossible Foods
IndiGo
Infinium
Infosys
Intelligent Growth Solutions
IntelliSmart
Iogen
Jacobs
JetBlue
JinkoSolar
Johnson & Johnson
Johnson Controls
Kaneka
Kanin Energy
Kellogg's
Kia
Kimberly-Clark
KitKat
KMC Controls
KPMG
L&T
LanzaTech
Leapmotor
Lectrolyst
Lennox
Lenovo
LG
Lilac Solutions
Linde
LKAB
L'Oreal
Maersk
Mahindra
Malta
Mars
Mastercard
Mercedes
Merck
Meta
Microsoft
Midea Group
Mitsubishi
Mitsubishi Electric
Mitsubishi Heavy Industries
Momentum Solar
MSolar
National Grid
Natural Fiber Welding
Neste
Nestle
NET Power
Newcleo
Newlight Technologies
NextEra Energy
Nike
Nikon
NIO
Nippon Steel
Nissan
Nordsol
Novo Nordisk
Ohmium
Ola
Oracle
Orison
Orsted
Osmoses
P&G
Pachama
Panasonic
PepsiCo
Petrofac
Petronas
PG&E
Ping An
Polestar
Posco
Primetals Technologies
PWC
Qualcomm
Rayleigh Solar Tech
RCS Global Group
Repsol
Rio Tinto
Rivian
Roche
Rusatom Overseas
RWE
SAIC Motors
Sainsbury's
Saint Gobain
Salesforce
Sargent & Lundy
SAS
Saudi Aramco
Scania
Schlumberger
Schneider Electric
Scottish Water
Senvion
ServiceNow
SES
Shell
Shin-Etsu
Shopify
Siemens
SINAI Technologies
Sinopec
Sion Power
SKF
Skyven Technologies
Smartly.io
Snam
Solidia
Solugen
Solvay
Sony
SSAB
SSE
Stanley Black & Decker
Steelhead Composites
Sund & Bælt
Svante
Target
Tata
Technip Energies
Telefonica
Temasek
TERI
Tesla
Tetra Pak
ThermoFisher Scientific
Tianjin Siboke Technology
Toray
Toshiba
TotalEnergies
Toyota
Trane Technologies
TSMC
Turntide
Twelve
Uber
Uberbinder
UltraTech
Unilever
Uniper
United Airlines
Vale
Vattenfall
Verizon
Verne
Vestas
Via Separations
VINCI
Visa
Vodafone
Volkswagen
Volvo
Walmart
Wayfair
WeltMeister
Westinghouse Electric
Wobben Properties
WPP
XPENG
Xyleco
Yamaha
Yara
Yingke Capital
Youxia
ZeroAvia
Zhongji Investment
Zhuhai Guoneng Dingxin Technology
Table of Contents
Frequently asked questions
-
Which are the key regions in the industrial decarbonization sector?
The top ten countries with mentions of decarbonization and related keywords in company filings are the US, India, the UK, Japan, Canada, Hong Kong, Australia, China, Germany, and France.
-
What are the key emerging technologies and concepts in the industrial decarbonization sector?
The key emerging technologies and concepts in the industrial decarbonization sector are green manufacturing, carbon capture-as-a-service (CCaaS), industrial IoT (IIoT), unmanned vehicles, and packaging 4.0.
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