Financing Industrial Decarbonization

This discussion paper by the Climate Policy Initiative examines the financing requirements and barriers for decarbonizing the industrial sector in India, with a specific focus on the iron and steel sectors.

• The industrial sector is a major source of carbon emissions in India, accounting for nearly 30% of the country's greenhouse gas emissions. Due to high economic growth, emissions from industrial materials like steel are projected to increase rapidly in the coming decades.
• India faces several significant barriers to industrial decarbonization, including high capital expenditure, the unviability of current low-carbon technologies, internationally competitive markets, the complexity of value chains and production processes, and the risk of locked-in investments in carbon-intensive assets.
• Global finance for industrial mitigation activities was only USD 9 billion in 2021-22, according to CPI’s Global Landscape of Climate Finance, indicating a need for a dramatic increase to achieve a net-zero industrial transition.

APA

Climate Policy Initiative (2024). Financing Industrial Decarbonization. https://www.climatepolicyinitiative.org/publication/discussion-paper-financing-industrial-decarbonization/

Chicago

Climate Policy Initiative. Financing Industrial Decarbonization. 2024. https://www.climatepolicyinitiative.org/publication/discussion-paper-financing-industrial-decarbonization/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Financing Industrial Decarbonization |date=18 April 2024 |url=https://www.climatepolicyinitiative.org/publication/discussion-paper-financing-industrial-decarbonization/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2024financing, author = {{Climate Policy Initiative}}, title = {{Financing Industrial Decarbonization}}, institution = {Climate Policy Initiative}, year = {2024}, month = apr, url = {https://www.climatepolicyinitiative.org/publication/discussion-paper-financing-industrial-decarbonization/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }