Definition
The process of reducing or eliminating carbon dioxide (CO₂) and other greenhouse gas (GHG) emissions from energy use, industrial processes, and supply chains. Decarbonization involves shifting from fossil fuels to renewable energy, improving energy efficiency and adopting low-carbon technologies to achieve Net Zero goals.
Why It Matters
- Helps businesses stay competitive by reducing exposure to carbon taxes, regulations, and changing consumer expectations.
- Cuts reliance on fossil fuels by shifting to cleaner energy sources like solar and wind.
- Helps businesses future-proof their operations against tighter carbon operating constraints.
How Decarbonization Works
- Transitioning to Clean Energy: Shifting from fossil fuels to renewable sources like solar, wind, and hydro to power operations.
- Electrification of Sectors: Replacing fossil fuel-based transport, industrial processes, and heating with electric-powered alternatives using clean energy.
- Improving Energy Efficiency: Reducing energy waste and consumption by optimizing buildings, transportation, and manufacturing with smarter technologies.
- Waste Management: Reducing, reusing, and recycling waste at the source reduces energy consumption and greenhouse gas emissions from raw materials extraction and waste disposal.
Further Reading
