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COP27: Accelerating decarbonization

Reaching climate targets will require global decarbonization across industries at scale.

November 16, 2022Over several sessions, McKinsey experts and special guests discussed capturing opportunities in the material transition, catalyzing decarbonization in hard-to-abate sectors, and how leading institutions are addressing these obstacles through technology and innovation.

Here are the highlights, which have been edited for clarity. You can watch replays of McKinsey’s sessions here.

Acceleration starts at the top. Former Colombia president Ivan Duque shared his experience of establishing a climate action cabinet and catalyzing the country’s carbon-credits market. Big unlocks can happen when sustainability is a “priority of the president,” he said, and encouraged heads of state to pursue “market-driven, natured-based solutions” that are “sustainable, scalable, and replicable.”

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