Bridging the gap to net zero
The first step to understanding the challenges of the ongoing energy transition is, according to McKinsey, to be aware of the fact that it's mostly a physical transition. The goal is to replace physical high-emission assets with physical low-emission alternatives, like solarpanels, wind turbines or electric vehicles, while maintaining reliable performance.
But that alone isn't enough: It also requires building the necessary infrastructure and supply chains, including critical raw materials, manufactured components or battery energy storage systems. Tackling these physical obstacles will require unlocking substantial investment in low-emission technologies, like sensor-technology.