The climate-neutral transformation of industries is essential for mastering some of the challenges of the century: reducing global emissions and transforming businesses to meet decarbonization goals. Deloitte’s leading global industry specialists, in close exchange with clients, public sector teams, and in cooperation with the scientific community, have created a collection of insights to share the Deloitte perspective on possible pathways to decarbonization for the key sectors that have some of the biggest impact on carbon emissions globally.
The combined hard-to-abate industry emissions, which among others include the hard-to-abate sectors steel, chemicals, automotive and food (see figure 1), accounted for approximately 82% of total global CO2eq emissions in 2021. Reducing fossil raw materials and carbon emissions from these sectors is a global challenge that should be tackled on a global scale.
While many obstacles tend to be rooted in the diversity of regulations, insecurity around technological advancements, and geopolitical influences, there are also two overarching solutions that may be leading enablers for all sectors alike: green electricity and green hydrogen. Therefore, we have dedicated a section to the important theme of green hydrogen, which outlines the enabling pathway that will likely be key for each of the sectors’ endeavors.
It is Deloitte’s ambition to not only provide a description of the situation but also offer our experience and insights around possible solutions and necessary actions that should be taken. Our goal: support Deloitte clients globally along this transformation with evidence-based analysis, unique perspectives, and the breadth and depth of Deloitte’s knowledge.
Each section includes:
Based on our analysis of the needs and requirements of these hard-to-abate industries, we have developed a set of offerings and ready-to-deploy solutions to help support global players on their individual paths. Explore the respective sections to find out more.