Electric-vehicle penetration is the biggest driver of oil demand declines in the energy transition. However, emerging supply bottlenecks for key battery materials could be an unexpected barrier. The need for oil-based fuels to provide the ongoing security of the supply that consumers demand may be greater than industry or policy makers appreciate, even in the […]
Companies can identify green growth opportunities and move boldly to take advantage of them. Companies have a critical role to play in achieving the global aspiration of net-zero emissions—one that comes with vast business opportunities. In this episode of the Inside the Strategy Room podcast, Michael Birshan, global coleader of McKinsey’s Strategy and Corporate Finance […]
To help electric vehicles reach ubiquity, governments and EV charging companies must ensure the availability of fast-charging infrastructure doesn’t become a bottleneck for growth. In the past decade, electric vehicles (EVs) have gone from a rare sight on even the busiest road to an increasingly common, affordable option. In 2020, EV sales set new records […]
As governments and businesses take up the urgent task of reducing carbon emissions, they should also consider another essential means of limiting the rise in global temperatures: removing carbon from the atmosphere through the creation of negative emissions. As is now well known, keeping warming below 1.5°C by stemming the buildup of atmospheric CO2 is […]