Dear Callie,
Fast Cars is an automobile company that is currently seeking to reduce its scope 1 and scope 2
emissions. I have conducted research and compiled data on the key levers in reducing supply
chain carbon dioxide emissions and abatement curves from the reports published BCG, WEF,
and Clean Energy Wire. concluded that three best abatement interventions for Fast Cars are
renewable power in production, new battery, and renewable heat due to their high maturity,
relative low cost, and increasing potential. These technologies have been in practice at least 5+
years and cost 100 euros per foot at the most. Renewable energy represents 40% of the
abatement level mainly from within aluminum, plastic and glass and battery potential, and
renewable heat. First, Fast Cars can obtain green electricity from nearby hydroelectric power
plants, wind and solar parks. Furthermore, they can use internal combined heat and power
(known as CHP) fueled by biomass in place of natural gas, and electricity rather than diesel to
power forklifts. Second, fast cars can convert old car materials such as steel into hydrogen based
EAF material (recycling), or it can reuse car parts to produce new equivalent cars
(remanufacturing). For recycling, one prominent use case is the introduction of a closed-loop
system involving local recycling of materials to create new products. Using recycled materials
requires significantly less energy than using virgin materials does. About 20% of the automobile
emissions can be addressed with renewable heat. Fast Car factories can purchase high-efficiency
burners that also recover waste heat, introduce heat exchangers that connect co-located users, or
install heat pumps that raise the temperature of waste heat to a usable level. To conclude, the
interventions described above are the most suitable for Fast Cars as a new company that is
seeking to improve its reputation. If it possesses the capacity to implement these changes, it will
be closer towards its net-zero goal.
Sincerely,
Isabelle
Sources:
https://cdn.theforage.com/vinternships/companyassets/SKZxezskWgmFjRvj9/BqF6gmrmLunCk
dqKM/1636531908474/WEF%20Abatement%20Curve%20Resource.pdf
https://www.volkswagen-newsroom.com/en/stories/pioneers-in-climate-friendly-vehicle-manufa
cturing-6428
https://www.bcg.com/publications/2020/green-factory-of-future
https://www.bcg.com/publications/2020/drive-electric-cars-to-the-tipping-point
https://www.cleanenergywire.org/news/battery-gigafactories-will-rapidly-make-e-cars-even-gree
ner-battery-expert
https://web-assets.bcg.com/b3/79/e18102e14739bb2101a49d8e63f0/bcg-supply-chains-as-a-gam
e-changer-in-the-fight-against-climate-change-mar-2021.pdf
https://group.mercedes-benz.com/sustainability/corporate-environmental-protection/co2-neutralproduction.html?r=dai