Can Green Alliances and Coalitions Tackle
Decarbonisation ?
As leading European companies pledge € 100 billion to be carbon-free by 2030 , and a new Green Digital Coalition is launched , digital strategies must focus on renewables and sustainability
WRITTEN BY : DOMINIC ELLIS
Ten years seems a reasonable length of time but it ’ s not long when you ’ re tackling decarbonisation , pursuing a standardized cross-sector CO2 price and setting end dates for carbon-intense technologies – all with the responsibility of an € 100 billion price tag hanging over you .
That ’ s the situation facing the European CEO Alliance , which was formed in 2020 against the backdrop of the Covid-19 pandemic and the historic European Green Deal – which proposes € 1 trillion in sustainable investments over the next decade ( the complementary Just Transition Mechanism aims to mobilize at least € 100 billion from 2021-2027 in financial and technical assistance ).
The businesses making up the alliance are ABB , AkzoNobel , ENEL , E . ON , Iberdrola , Maersk , SAP , Scania , Schneider Electric , Philips , Siemens and Volkswagen . Collectively , they generate € 600 billion in annual revenues and employ 1.7 million people .
40 May 2021