World Economic Forum Highlights Strategies for Industrial Energy Transition
The World Economic Forum has outlined five strategies to advance the industrial energy transition, focusing on hard-to-abate sectors such as steel, cement, and chemicals, which account for nearly 40% of global emissions. The report emphasizes the need for creating demand for low-carbon fuels, building necessary infrastructure, lowering capital costs for clean projects, prioritizing market-ready solutions, and aligning policies across regions. Despite existing technologies for emissions reduction, challenges such as high financing costs and policy uncertainty hinder progress. The report calls for coordinated action across supply chains, governments, and financial institutions to overcome these barriers. 
