Net Zero by 2050: Industrial Decarbonization Gains Momentum to Fight Climate Change

Pages: 78 Published: December 09, 2021 Report Code: GDDT-FT-M007

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

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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Key Players

3M, 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, Facebook, Farasis, Faurecia, FedEx, Flock Freight, Ford, Form Energy, Foxconn, Fujitsu, Gazprom, GE, GeoPura, Glencore, GM, Gogoro, Goldwind, Google, 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

Table of Contents

1. Technology Decoding: the impact of climate change, facts and figures, need for industrial decarbonization, notable efforts, and key disruptors

2. Media & Trend Analysis: popular news publications, decarbonization commitments, thought leadership, social media traction, mentions in company filings, and key hiring trends

3. Investment Radar: VC investment trends by value, volume, and geography leading investors, active startup accelerators, and CVC investors and investees

4. Innovation Explorer: interesting innovations, key tech vendor solutions, and strategic corporate partnerships to accelerate the development of decarbonized solutions

5. IP Landscaping: trends in patent filings & grants, top patent filers, technology leaders, key filing trends by technology and industries, and interesting patents

6. The Road Ahead: drivers and challenges, COP26 pledges, corporate commitments, digitization, emerging concepts, potential policies, future utilization of CO2, and outlook

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