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McKinsey offers counsel and expertise on the business
impact of climate change to the world’s leading institutions. In doing so, our firm is striving to accelerate the shift toward a low carbon global economy. In the first six months of 2007 we have helped around 70 clients in the field of climate change. World-Class Climate Change Expertise

We have deep expertise on issues including abatement cost curves, the business impact of carbon regulation, emissions trading, biofuels and changing asset valuation.
Our abatement cost curve allows clients to understand the size and cost of measures for the reduction of greenhouse gas emissions. It allows clients to identify business opportunities, which emerge from taking measures to reduce emissions early on, and it is being utilized by clients across a broad range of sectors and geographies. In addition, efforts to develop seven country specific abatement cost curves are ongoing or have already been completed since the original global abatement work (Germany, the U.S., the UK, the Netherlands, Australia, New Zealand, and Japan).
Knowledge efforts and broad experience from client work in all major renewable energy sources from biofuels to geothermal, in low carbon technologies like carbon capture and storage, on energy demand models, and in-depths perspectives for industries like power, automotive and chemicals are completing our portfolio of expertise. World-class problem-solving approaches

We support clients in the assessment of their businesses’ exposure to climate change and its effect on market dynamics and the regulatory environment. Together, we develop strategies for meeting the challenges and for utilising our clients’ strengths to pursue emerging business opportunities. We are also helping our clients to reduce carbon emissions internally, along their supply chains and the carbon footprint related to their products. Recent efforts for clients include topics like:
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Regulatory strategy – Developing scenarios on future
carbon regulation and carbon prices, rent shifts in the value chain,
stakeholder impact and the appropriate strategic response |
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Value at stake – Assessing the economic impact from
climate change on future demand and on margins for the existing business |
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Low carbon business opportunities – Identification of
low carbon business opportunities along the abatement cost curve and from
changes in consumer demand |
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Low carbon supply chain management – Assessment of
means, requirements and business implications of reducing carbon emissions
along the supply chain |
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Energy efficiency gains – Helping a major city to
achieve emission reduction targets for buildings despite increasing demand
for energy and growing emissions |
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Smart metering – Designing a strategy to embrace and
drive climate change related opportunities in gas and electric transmission
and distribution businesses |
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Environmental finance – Development of an
environmental finance business: identification of green investment
opportunities and designing the required organization |
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Carbon trading – Conducting due diligences for
low-/high-carbon targets, including the assessment of strategic options for
benefiting from carbon trading opportunities and the development of emission
certificate trading strategies. Setting up a trading unit for a major utility |
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Corporate climate change strategy – Evaluating means
to reduce a company's carbon footprint as well as emissions caused along the
value chain and understand the business implications of positioning "green" |
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Sustainability, – support in the development of environmental strategies, in building internal organization to drive strategy and in building "green" businesses |
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Superior industry insight and leading functional expertise
 Our Climate Change Special Initiative is a cross–functional and
cross–industry effort, bringing to bear latest insights, our experience and
expertise from all parts of our firm – including deep understanding of climate
change, its implications for industries like travel and logistics, biofuels and
financial services as well as climate change strategy, low carbon operations,
low carbon growth markets and risk management. More than 750 colleagues from
across McKinsey are participating in this work, with scientific backgrounds
ranging from climate science or environmental economics to waste engineering,
oceanography science, numeric weather modeling, international affairs,
agriculture and forestry, and nuclear or fuel cells. They bring past career
experience from the UNDP in Congo, waste management in Chile, financial
restructuring in China, and from the renewable energy departments of global
petroleum companies.
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