Outlook 2022: Plan for decarbonisation now or pay later

Many firms are yet to formulate a clear plan to get to net zero, despite the rising cost of inaction

The UK government has set ambitious decarbonisation targets for industry to enable the economy to reach net-zero carbon emissions by 2050. While some multinational businesses are engaging in trials of new technologies and processes to reduce their emissions, many have yet to formulate a clear plan to get to net zero, and many more have not begun to seriously consider the problem. For some, it would seem there is not yet a compelling financial reason to act. Many businesses are reluctant to implement carbon reduction measures until the cost of doing nothing outweighs the cost of doing something. For other businesses, there may be no obvious ready-made solutions to their decarbonisation challe