Warming up to COP29
Latest from McKinsey as everyone prepares for COP29
Global Energy Perspective
While significant progress has been made in the nine years since the landmark Paris Agreement, the global energy transition is entering a new phase, marked by rising costs, complexity, and increased technology challenges. To successfully navigate this next phase and meet the Paris Agreement goals, urgent action will be needed and the pace of change must accelerate. The clean energy transition will also need to be balanced with affordability, energy system resiliency, and energy security in an increasingly uncertain macroeconomic environment.
Global Materials Perspective
The global metals and mining industry is entering a new era. Historically, the industry has been driven by economic growth and the development of the middle class, resulting in major demand growth for materials such as steel, aluminum, and coal. While 80 percent of the industry today primarily consists of five materials — steel, coal, gold, copper, and aluminum — the landscape is rapidly changing as a result of the energy transition.
What would it take to scale critical climate technologies
Many of the climate technologies needed to achieve deep decarbonization already exist. The challenge now is accelerating innovation and scale-up to achieve technical and commercial breakthroughs.
Climate Transition Impact Framework: Essential elements for an equitable and inclusive transition
This framework seeks to provide an initial approach at quantifying the socioeconomic impacts of climate action. A roundtable with more than 40 climate leaders at COP28 underscored the need for this lens.
