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Pressure on corporates to decarbonise drives demand for renewables

Decarbonisation is the lynchpin of the global strategy to meet the 1.5-degree warming scenario influencing companies’ planning. According to Wood Mackenzie’s new Corporate power and renewables: 5 things to look for in 2022 report, the complexity of achieving project progress with buy-in from investors may be the biggest barrier to meeting targets being set.

Calls for improved disclosure on emissions performance and environmental impact are increasing as investors seek best-in-class performance on ESG, so companies need to outline plans to decarbonise their entire business, including intermediate targets on the road to net zero.

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