Authored by the Hydrogen Council in collaboration with McKinsey and Company, Global Hydrogen Flows addresses the midstream challenge of aligning and optimizing global supply and demand. It finds that trade can reduce overall system costs. In doing so, it provides a perspective on how the global trade of hydrogen and derivatives, including hydrogen carriers, ammonia, […]
Green corridors could lead the way to zero-carbon shipping. But how can they become a reality? – EQ Mag Pro
A new report by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in collaboration with McKinsey lays out a blueprint to assess the feasibility of green corridors. Most shipping industry players agree that green corridors—or shipping routes dedicated to vessels that run exclusively on alternative fuels—could be a powerful tool to accelerate the industry’s […]
Accelerating the transition to net-zero travel – EQ Mag Pro
Despite the best intentions, many travel companies are struggling to reduce their emissions fast enough. A report by McKinsey and Skift provides four practical recommendations. The worsening effects of climate change have made decarbonization a top priority for many industries, including global travel and tourism, which accounts for between 8 and 11 percent of the […]
Electric vehicles: The next growth engine in chemicals – EQ Mag Pro
A paradigm shift in automotive purchasing linked to the electric-vehicle transition is creating a major growth opportunity for chemical companies. The automotive market is undergoing rapid change. Based on a forecast by the McKinsey Center for Future Mobility, battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) will make up more than 55 percent […]
Renewables to be “the new baseload” by 2030, says McKinsey – EQ Mag Pro
Solar and wind power are on track to become the new baseload electricity supply for global energy markets as early as 2030, and to relegate thermal generation from coal and gas to the role of back-up, a major new report has found. In its 2022 Global Energy Perspective, leading global consultancy McKinsey & Company says […]
Leveraging infrastructure investment to meet net-zero goals – EQ Mag Pro
Investors have critical roles to play in delivering sustainable infrastructure to address the rising risks of climate change. Developing innovative solutions can accelerate the energy transition. In November 2021, 120 world leaders representing 197 states converged in Glasgow for the COP26 UN Climate Change Conference.1 There, they discussed the next decade of climate action and […]
The future of EV charging infrastructure: Executive perspectives – EQ Mag Pro
Frank Mühlon and Giovanni Palazzo offer their insights into today’s and tomorrow’s priorities for scaling EV charging infrastructure to meet demand. Afew short years ago, the main questions customers had when purchasing electric vehicles (EVs) were about price and driving range.1 Today, the number-one concern is different: adequate charging infrastructure. To keep pace with the […]
Biden’s EV Charging Push Could Boost Automakers Taking on Tesla
President Joe Biden’s plan to spend billions on U.S. charging networks could encourage more Americans to buy electric vehicles, giving General Motors (GM.N) and Ford Motor (F.N) much-needed fuel in the battle against Tesla Inc (TSLA.O). Biden’s administration on Thursday embraced a bipartisan Senate deal to spend $1.2 trillion on infrastructure projects, including $7.5 billion […]
On target: How to succeed with carbon-reduction initiatives
McKinsey research reveals which industries are on track to meet green objectives and how they got there. The argument for global companies to reduce their greenhouse-gas (GHG) emissions is clearer than it has ever been: Business operations around the world are now subject to greater climate and transition risks. Consumers are clamoring for eco-friendly products […]
Fuel retail in the age of new mobility
With the industry at a crossroads, operators need to move quickly to rethink strategy, build new capabilities, and transform their businesses. Over the past decade, fuel retail has been one of the more resilient segments in the oil and gas industry. The growth of both out-of-home consumption and small-format retail has enabled forecourts to capture […]