We are working with governments, farmers and industry to leverage agriculture, agricultural wastes and forestry to develop low carbon and climate-smart feedstocks, chemicals, fuels, energy and consumer products to aid organizations in achieving their net-zero carbon transitions. Additionally, our team is working with the global insurance and finance sectors and technologists to develop pathways and products to monitor, verify, insure and finance the voluntary carbon market as well as examining the geotechnical and operational opportunities for carbon capture and sequestration.
In order to accomplish national and state net zero carbon emission commitments, we will transition from legacy fossil fuel energy sources to renewable resources. Electric vehicles (EVs) will increase from less than 1% of the global automotive fleet to over 30% by 2050 reaching over 670 million units. To achieve these transitions will require access to critical earth resources much of which is dominated by the control of China.
The transition to a net-zero carbon economy is bringing with it unprecedented national and global policies and investments for climate and energy. This is coupled with rapid industry commitments and a race by countries including the U.S., China, UK and members of the EU to dominate the new Green-Tech industrial sector. Our team is being recognized for our work to quantify the transitions risks and unintended consequences of the net-zero carbon transition and implications for industry and government with a focus on public policy, national security, supply chains, ESG, finance and trade.