It will take a lot more to decarbonize than just what the energy sector can do. Heat and electricity sectors only account for one-third of greenhouse-gas emissions, meaning significant changes will need to be made in other sectors, such as industrials, transportation, agriculture and the built environment, according to Alex Leung, Research & Strategy, Infrastructure, with UBS Asset Management, Real Estate & Private Markets.
In a report titled, “Beyond renewables: What’s next in greenhouse-gas reduction?”, Leung explores what the pathways to decarbonization in these other sectors might involve. Leung also discusses tax credits related to the Inflation Reduction Act that might serve as incentives for change in these sectors.
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