Decarbonization of industrial sectors: the next frontier

The industrial sector is a vital source of wealth, prosperity, and social value on a global scale. Industrial companies produce about one-quarter of global GDP and employment, and they make products and materials that are integral to our daily lives. Their activities, like those of most businesses, also take a toll on the environment. Roughly 28 percent of global greenhouse-gas (GHG) emissions came from industry in 2014. Unless industry can lower its emissions, the world will struggle to reach the GHG reduction targets of 80 to 95 percent that governments set under the Paris Agreement of 2015.