Can decarbonisation boost the bottom line of businesses while saving the planet?

  • Date: 25-Dec-2023
  • Source: Khaleej Times
  • Sector:Oil & Gas
  • Country:UAE
  • Who else needs to know?

Can decarbonisation boost the bottom line of businesses while saving the planet?

Published: Mon 25 Dec 2023, 9:54 PM

If you pick up any forward-thinking business publication today, there is a pressing narrative beyond the well-established discourse on innovation - decarbonization. Businesses, both large and small, find themselves at the forefront of a monumental shift transitioning towards a green economy. As we know, business evolution is as much about strategic foresight as it is about financial acumen. The trend in the educational sector, reflecting this shift, is increasingly towards integrating environmental science with business management, preparing future leaders to understand and leverage the business case for sustainability.

Decarbonisation stands as both a challenge and an opportunity, offering companies a pathway to boost their bottom lines while taking meaningful strides for our planet. In the wake of COP28, the spotlight on decarbonization in the Mena region has notably intensified. The recent UN Climate Change Conference held in the UAE further emphasized the region’s dedication to critical global dialogues, reinforcing the urgency of energy transitioning to sustainable energy practices and environmental preservation. This event has served as a catalyst, renewing commitments and spurring strategic planning in the face of climate change, propelling a transition towards a green economy.

The primary contributors to carbon emissions in the region