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Climate Change Special Initiative

The transition to a low carbon economy represents a key challenge facing leaders in the early 21st century. Climate change creates risks and opportunities that will shape the context for institutions and individuals throughout society.
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Featured in the Climate Change Special Initiative
An Australian cost curve for greenhouse gas reduction
February 2008
The McKinsey & Company report An Australian cost curve for greenhouse gas reduction provides a fact-based analysis on emission -reduction potential and the associated cost for the Australian economy. Its findings are that significant greenhouse gas reduction is achievable and affordable but requires urgent action to implement the full potential.
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How companies think about climate change: A McKinsey Global Survey
February 2008
A McKinsey Quarterly survey finds that most executives think climate change matters for their companies. Although few have taken action, they are optimistic about the possibilities.
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Reducing U.S. Greenhouse Gas Emissions: How Much at What Cost?
November 2007
Starting in early 2007, a research team from McKinsey worked with leading companies, industry experts, academics, and environmental NGOs to develop a detailed, consistent fact base estimating costs and potentials of different options to reduce or prevent GHG emissions within the U.S. through 2030. The team analyzed more than 250 options, encompassing efficiency gains, shifts to lower-carbon energy sources, and expanded carbon sinks.
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Read the executive summary (PDF - 460 KB)
Read the full report (PDF - 4.11 MB)
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Climate Change: Everyone's Business
November 2007
McKinsey was commissioned by the Confederation of British Industry (CBI) to produce an analysis of the options for greenhouse gas reduction in the U.K. We have worked with industry experts, academics and leading businesses and this CBI Climate Change Task Force Report shows that the UK's carbon reduction targets for 2020 are likely to be missed but that 2050 goals, whilst stretching, can be achieved at a manageable cost – provided a greater sense of urgency is now adopted by government, business and consumers.
Read more on the CBI Web site
Read the executive summary (PDF - 228 KB)
Read the full report (PDF - 1.25 MB)
Appendix: McKinsey analysis (PDF - 209 KB)
Costs and potentials of geenhouse gas abatement in Germany
October 2007
A report by McKinsey and Company on behalf of "BDI Initiativ - Business for Climate". Together with the German Industry Association (Bundesverband der Deutschen Industrie - BDI), McKinsey's German Office developed a view on costs and potentials of Greenhouse Gas Abatement in Germany until 2020/2030. More than 70 companies and associations were involved in assessing the different abatement levers. In sum, abatement of 30 percent (compared to 1990) seems feasible.
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Launch the Deep Dives - Industry (PDF - 3.54 MB)
Launch the Deep Dives - Energy (PDF - 2.5 MB)
Launch the Deep Dives - Transport (PDF - 2.33 MB)
Launch the Deep Dives - Buildings (PDF - 2.35 MB)
Investing in Sustainability: An Interview with Al Gore and David Blood
The McKinsey Quarterly, 2007 Web exclusive
The former U.S. Vice President and his partner in an investment-management firm argue that sustainability investing is essential to creating long-term shareholder value.
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Background Information on Climate Change (non-McKinsey documents)
Stern Review on the HM Treasury Web site
IPCC Web site
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