The latest McKinsey and Company research has found that using commercially-available technologies could dramatically cut global greenhouse gas emissions and, in many cases, provide savings to consumers. The study was co-sponsored by Honeywell and nine other energy, automotive, technology and environmental companies.
The groundbreaking report, titled “Pathways to a Low-Carbon Economy,” outlines more than 200 opportunities across 10 sectors and 21 regions to cut global greenhouse gas emissions. These opportunities could cut global greenhouse gas emissions by about 35 percent below 1990 levels by 2030. That would be enough to put the world on track to keep the global average temperature from rising above 2 degrees Celsius (3.5 degrees Fahrenheit), which experts say is the dangerous threshold to avoid global warming and the negative effects of climate change.
Specifically, the study found three major opportunities to reduce greenhouse gases:
- Energy Efficiency – improving energy efficiency of vehicles, buildings and industrial equipment
- Low-carbon energy supply – biofuels, wind, solar, nuclear, hydro power and carbon capture and storage (clean coal)
- Terrestrial carbon (forestry & agriculture)
Nearly 50 percent of Honeywell’s product portfolio company-wide is linked to energy efficiency and renewable energy. Simply by using the Honeywell technologies available in the marketplace today, the U.S. alone could reduce energy demand by 15 to 20 percent and play a key role in curbing and reducing global greenhouse gas emissions.
Watch an overview of Honeywell’s Energy Solutions.
