Achieving Net Zero Heavy Industry Sectors in G7 Members

Achieving Net Zero Heavy Industry Sectors in G7 Members is a new report by the International Energy Agency that focuses on the implementation of policies aimed at drastically lowering CO2 emissions from heavy industries in the G7 and beyond. This work, requested by Germany’s 2022 G7 Presidency, builds on analysis from the IEA’s Net Zero by 2050: A Roadmap for the Global Energy Sector. It follows Achieving Net Zero Electricity Sectors in G7 Members, produced as an input to the UK’s G7 Presidency in 2021.This report focuses on two key areas for achieving net zero heavy industry sectors in G7 members, both of which are priority areas for Germany’s 2022 G7 Presidency. The first is a toolbox of policies and financing mechanisms to initiate and sustain the industry sector transition. The second is a series of common and practicable definitions of what constitutes near zero emission steel and cement production, a key step to establishing future policy mechanisms, irrespective of the exact mitigation pathway or the specific technologies chosen. The report is designed to inform policy makers, material producers and consumers, investors, leading sectoral initiatives and the research community in the lead up to the G7 Climate and Energy Ministerial in May 2022, and beyond.