Deloitte helps energy players and corporates active in energy intensive industries in developing their pathway to net zero and assist them to make it happen. Additionally, we help public authorities in setting out a long term vision and supporting policy.
The importance of the climate and energy transition
Since the industrial revolution our global CO2 emissions footprint has increased drastically, leading to an increase in global surface temperature of about 1,1°C. While our fossil fuel based society has brought us many benefits, the adverse physical effects of climate change become more and more apparent. In the absence of appropriate climate mitigation measures it is expected that the frequency and intensity of extreme weather events will have a massive global impact.
While there is still time to reverse climate change, it’s clearly running out and we need to act now. Consequently, the EU aims to be climate-neutral by 2050. This objective is at the heart of the European Green Deal and in line with the EU’s commitment to global climate action under the Paris Agreement, to limit global warming to well below 2°C. Both federal and regional governments have endorsed the EU targets via the Belgian integrated National Energy and Climate Plan 2021 - 2030. At the same time there is a strong push from society, investors and corporates.
Climate change poses several challenges, as well as opportunities. In order to realise the transition to climate-neutrality, strategic choices need to be made without delay, that will trigger investments, research and market development. Our energy mix is shifting to renewables, public and private organisations are working hard to pull their decarbonization levers, new ecosystems are forming contributing to a vibrant green economy.
The energy transition is a complex story of multiple domains coming together to move into the right direction. It’s expected that individual players will act more and more in an ecosystem with closer interaction and integration between sectors and energy carriers.
Within Deloitte we have the right expertise and experience from a local and global perspective, so we can mobilize the strength of the firm to help our clients. We are well connected with all stakeholders and have a good understanding of the local context. We have a particular focus on the following domains:
We aspire to be the trusted advisor in accelerating the energy transition and the decarbonization of our society, by assisting our clients end-to-end. Companies going through this transition in a smart, structured & profitable way, will not only retain their license-to-operate, but will increase their competitive advantage in the market by navigating towards more sustainable services and products. We support our clients in every facet of this ambitious and challenging journey, namely in the following areas:
We help organisations decide what strategic choices to make and advise them on how to comply with changing regulations. With our support they learn when to invest and how to finance the investment, driving positive and lasting change that impacts the organisation and beyond. We share below two cases of publicly available studies to exemplify how we are making an impact in the climate and energy transition.