Decarbonization is setting the tone for manufacturing, insurance, and even banking industries. Companies embrace a global moral concern, even if they don't find doing good beneficial. Price hikes, possible loss of insurance, government fines, declining brand image, and consumer backlash are all issues they face while striving, or rejecting, net-zero, cutting greenhouse gas emissions to as close to zero as possible.
The private and public sectors respond.
From Cap & Trade systems to carbon taxes, both governments, banking, and insurance leaders are pushing heaving polluters into a corner with fines, caps, and limitations. Fortunately, these entities are using their pull to drive and pressure manufacturing facilities to jump on the 'jump on the net-zero bandwagon' and avoid a dire future, even if initially they would have chosen to ignore it.
The number of European countries implementing a carbon tax is growing yearly.
Innovation to drive growth in manufacturing.
All this without even addressing the big elephant in the room, or dare we say soon-to-be-extinct polar bear on an isolated iceberg, decarbonization innovation will help them reduce costs and drive more efficient manufacturing practices.
So, this is the time. Corporations and governments can already turn to open innovation and clean technology to avoid any related financial or reputation fallouts.
"This is the time. Corporations and governments can already turn to open innovation and clean technology to avoid any related financial or reputation fallouts".
In this report, you can find SOSA's assessment of the current climate, no pun intended, addressing carbon emissions and how companies can respond to consumer pressure and regulations increase through open innovation avoiding fines and improving customer perception.