The industrial sector contributes to over one-fifth of global greenhouse gas emissions, emitting more than 9 Gtonne/y of CO2 eq., and is under increasing pressure to align with international carbon-neutrality goals. Given this urgency, inaction is not viable. The largest contributors are chemicals, steel, and cement due to fossil fuels combustion or use of fossil resources as feedstock – this makes the chemicals sector one of the toughest to decarbonize.
The Lux Decarbonization Radar, a strategic framework designed to guide companies in planning their technological pathways towards carbon neutrality, outlines a portfolio of technology options based on three key approaches to decarbonize the chemicals sector. This framework categorizes low-carbon technologies, enabling businesses to identify, prioritize, and adopt innovative solutions to achieve their net-zero ambitions.
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The Lux Decarbonization Radar: Chemicals
By:
Principal Analyst
