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McKinsey launches climate change tech platform – Environment Analyst

Global consulting major is enhancing support for sustainable tech clients, building on the McKinsey Sustainability division created to consolidate its E&S business services.

McKinsey logo May 2022

New York-headquartered professional services firm McKinsey has developed a new offering designed to help its clients develop technologies to reduce carbon emissions.

The McKinsey Platform for Climate Technologies is structured around 10 technologies. They are hydrogen, batteries and energy storage, sustainable fuels, carbon removal and capture, natural capital, green construction, renewable energy, circular technologies and alternative proteins and sustainable agriculture.

Martin Linder, McKinsey senior partner, said that the world needs to adopt sustainable technologies at unprecedented speed. “There is a clear opportunity to create sustainable growth,” he said. “Across industries we see significant near-term value in sustainability technologies that are ready for commercial scaling and a long tail of emerging climate technologies that will reach maturity within the next decade.”

Recent examples of sustainable developments supported by McKinsey include finding alternatives to plastic packaging for a food manufacturer, shifting from fossil fuels to green energy, partnering with a private equity climate fund and decarbonising a major vehicle manufacturer across its value chain.

The firm, which last year acquired consultancy Vivid Economics, incorporating climate tech company Planetrics, also set up a new service area, McKinsey Sustainability, to focus its business offerings relating to the energy transition and climate change.

This year’s McKinsey Global Energy Perspective report, which is published annually,  predicts that global warming will exceed 1.8C. It claims that future energy investments will be driven almost entirely by renewables and decarbonisation technologies.

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