G7 countries must introduce policies to decarbonise industry
IEA lays out industry decarbonisation roadmap
G7 countries must introduce near- and long-term policies to ensure adequate transition, agency says
Carbon contracts for difference, public procurement, certification and near-zero-materials mandates can help drive hydrogen use in the G7’s industrial sector, according to the IEA. These policies should be supported with R&D development funding, public-private partnerships and backing for pilot demonstration projects, the IEA says in a report on decarbonising industry, titled Achieving Net Zero Heavy Industry Sectors in G7 Members. On a wider policy level, the move towards carbon pricing is a key factor that will help industry decarbonise. In the near-term, this is likely to be enabled by domestic or regional carbon markets that are eventually linked and protected by carbon border adjust
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