The UK Government has set ambitious decarbonisation targets for UK industry to enable the UK economy to reach net-zero carbon emissions by 2050. While some multinational businesses are engaging in trials of new technologies and processes to reduce their emissions, many are yet to formulate a clear plan to get to net zero – and many more have not yet begun to seriously consider the problem.
For some, it would seem there is not yet a compelling financial reason to act. Many businesses are reluctant to implement carbon reduction measures until the cost of doing nothing outweighs the cost of doing something. For other businesses, there may be no obvious ready-made solutions to their decarbonisation challenges today, but a sense that future technologies will provide the answers.
There is also the sheer difficulty of the task. Many businesses don’t know where to start, how to start, or what options are available to them to decarbonise their operations.
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