Whether or not they’ve made a specific GHG reduction commitment, most organizations are endeavoring to reduce the natural resource intensity of their operations across fossil energy, materials and water. This trend is in large part attributable to growing pressure from customers, investors, employees, voters and other stakeholders. However, whatever the industry sector, the consensus in favor of ever more sustainable business practices is almost universal. That’s because they generally make good economic sense.
With regard to carbon emissions alone, Acanthus Climate aligns with the position espoused by Project Drawdown that a reduction in atmospheric GHG by mid-century is already possible through the application of existing climate solutions. For these prospective solutions, in turn, there is a multi-trillion dollar opportunity collectively for innovative companies - from start-ups to global giants – to meet the needs of clients seeking to decarbonize across their value chain.
TARGET INDUSTRY SEGMENT | Addressable Market Size ($ in billions) |
---|---|
Transport | $2,300 — $2,700 |
Buildings | $1,300 — $1,800 |
Power | $1,000 — $1,500 |
Water | $1,100 — $1,200 |
Consumer | $850 — $1,200 |
Agriculture and Land Use | $550 — $1,200 |
Oil, gas and fuels | $650 — $1,150 |
Hydrogen | $650 — $850 |
Waste | $300 — $400 |
Industrials | $250 — $300 |
Carbon ManagemenT | $100 — $200 |
Source: McKinsey & Company, Accelerating Toward Net Zero, June 14, 2022