Green economy faces challenge to replace carbon energy sources

The march toward a greener global economy is headed into a more difficult second phase that will aim to replace carbon as an energy source, said panelists during the Bloomberg New Economy Forum. Companies including Honeywell International Inc. and Schneider Electric SE are offering solutions to reduce carbon emissions in commercial buildings, the petrochemical industry and transportation that are being adopted now, which constitutes the first phase. But the replacement of carbon-based energy will be more difficult and require more breakthroughs, said Honeywell CEO Darius Adamczyk.