$1.6 Trillion Needed to Unlock Clean Industrial Future

The clean industrial transition is on a positive trajectory, but still requires considerable funding to reach its full potential, the latest report by the Mission Possible Partnership (MPP) shows. While facing headwinds like geopolitical risks and commodity volatility, eight projects reached Final Investment Decision (FID) over the last six months. The total number of operational or fully committed clean industrial facilities worldwide now stands at 134.

"Despite the geopolitical and macroeconomic uncertainties, momentum continues to build," MPP CEO Faustine Delasalle wrote in the report's foreword. "This is in no small part because many companies and governments understand clean industry is an economic opportunity, not just a climate imperative."

MPP's latest Global Project Tracker identifies a total of 826 industrial decarbonization projects worldwide. Of these, 692 have been announced, 65 have ...