Goldman Sachs: Carbonomics Updated Carbon Cost curves by application

This document from Goldman Sachs Global Investment Research presents an updated “Carbonomics Cost Curve,” a tool for assessing the cost of reducing greenhouse gas (GHG) emissions globally. It analyses the cost of various decarbonization technologies across different sectors, revealing key trends. The report’s primary conclusion is that while the cost of de-carbonizing certain sectors, like power generation using renewable sources, has increased due to inflation and higher interest rates, other sectors, notably transportation, have seen significant cost reductions driven by battery cost deflation and technological advancements. The document also highlights the increasing role of renewable gases like biogas and biomethane in achieving energy security and sustainability. Ultimately, the report aims to provide insights into the evolving cost landscape of decarbonization, helping investors and policymakers navigate the transition towards a net-zero carbon future.