Mission Possible Partnership maps the transition to net-zero in key sectors
The Mission Possible Partnership’s Global Project Tracker sheds light on the state of transition to net-zero in seven heavy industry and transport sectors.
30 May 2024
The Mission Possible Partnership’s Global Project Tracker sheds light on the state of transition to net-zero in seven heavy industry and transport sectors (aluminium, cement, chemicals, and steel in industry, and aviation, shipping, and trucking in transport), which account for 30% of global carbon emissions. Led by the Mission Possible Partnership, this tracker reveals a growing pipeline of net-zero-aligned projects and categorizes them as ‘announced,’ ‘Final Investment Decision (FID),’ and ‘operational.’ Updated quarterly, it measures progress against MPP’s 2030 real-economy milestones, which are industry-backed targets indicating, for example, the number of commercial-scale decarbonised plants or zero-emission trucks required by 2030. This tracker enables industry groups to identify potential partners or green hubs, financial institutions to see investment options, and policymakers to track regional progress and inform decisions.
In the aluminium sector specifically, the number of announced projects tripled from 4 to 11, and projects reaching FID increased from 2 to 6 in the last 12 months, driven by major industrial consumers partnering with producers. Despite this progress, more investment is needed for inert anode technology, which remains at the testing stage. The first carbon capture pilots have been announced in France, targeting industrial deployment by the late 2020s. Producers are securing long-term renewable energy Power Purchase Agreements (PPA), with China leveraging hydropower for 60% of its global production. Additionally, around 30 projects worldwide are already operating with renewable electricity, including in Canada, Norway, and Russia.
Discover the the Mission Possible Partnership’s Global Project Tracker below
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