Lux Research Introduces a Framework to Help Provide a Path to the Decarbonization of Industry

The industrial sector is responsible for 21% of global CO2 emissions, releasing more than 9 gigatons of CO2 per year, driven primarily by emissions from the cement, chemicals, and steel sectors. Decarbonizing the cement, steelmaking, and chemicals industries alone will cut global industrial emissions by half, but these industries are projected to continue growing for the long term. Therein lies the challenge for the industrial sector: How can carbon neutrality be attained while meeting the increasing demand for products? Building a roadmap for the decarbonization of industry is a complex endeavor that requires a deep understanding of the technologies available today as well as in the future to adequately prepare for tighter regulations in an increasingly competitive market.