The Energy Collective Group
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Publication
Decarbonizing Industry in Canada and the G7
Industrial decarbonization is an imperative, but not one that the world is yet prepared to meet.
According to the IEA and many other analysts, globally, heavy industry is not on track to reach net-zero emissions by mid-century.1 At the same time, demand for industrial products is expected to increase, especially in fast-growing developing countries. 1 This does create some opportunities. Buyers—whether government or private sector—are increasingly demanding low- or zero-emissions products to meet their own supply chain or “scope 3” climate commitments. By 2030, the market for near-zero emissions steel and cement is expected to reach 100 million tonnes
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