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Retrospective: Dialogue on Decarbonization Options in the Industry

Roundtable at Goethe University’s House of Finance spotlights questions about decarbonization / Panel discussion with First Climate and MISES

Ongoing discourse on opportunities, challenges and progress, as well as shedding light on different perspectives, is important to successfully drive the shift towards a decarbonized (energy) economy. First Climate, therefore, recently participated in a panel discussion on decarbonization at the House of Finance at Goethe University in Frankfurt am Main. The event was organized by, among others, our research partner, the Mannheim Institute for Sustainable Energy Studies (MISES), with whom First Climate has been working on concepts for the development of Net Zero strategies since 2021.

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Joint workshops and mutual exchange are important pillars of our partnership with MISES. The institute is exploring the challenges and innovation opportunities arising from the transition to a decarbonized future. MISES also focuses on the costs associated with innovative decarbonization strategies, with a particular focus on the energy, transport, and industry sectors.

Sid Petersen, Managing Director of First Climate Consulting GmbH, represented First Climate as a panelist on the topic of "Carbon Emission Pledges and Corporate Decarbonization Initiatives." Sid sat alongside diverse experts from the research community, business stakeholders, and consulting firms and spoke about the appropriate incentives for companies to actively engage in planning a comprehensive corporate climate strategy or developing an achievable decarbonization pathway.

One issue, in particular, emerged: the cost-effectiveness of decarbonization measures remains a major challenge for companies in the so-called "hard-to-decarbonize" industries, such as steel and cement production. Given the availability of various decarbonization measures, the question arises as to when which measures, and in which combination, leads to the most cost-effective decarbonization of corporate operations. This question is increasing in complexity due to external regulations and carbon pricing developments.

"The collaboration between MISES and First Climate, as well as joint events like this recent one, can and should help answer these pressing questions," said Sid Petersen. "Together with our partner MISES, we aim to put the science from their research into practice with our clients in a timely manner so we drive cost-effective decarbonization and best prepare our clients for the future."

Learn more about the background and focus of our partnership with MISES here.



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