The clean industrial transition is a positive process, but still requires considerable financing to achieve its full potential – the latest report of the Mission may show partnership (MPP). While they are confronted with headwind as geopolitical risks and raw material volatility, eight projects have reached the final investment decision (FID) in the last six months. The total number of operational or fully dedicated clean industrial facilities worldwide is now at 134.
“Despite the geopolitical and macro -economic uncertainties, the momentum continues to build”, MPP CEO Faustine Delasalle wrote in the Report’s Foreford. “This is not least because many companies and governments understand that the clean industry is an economic opportunity, not just a climate -imperative.”
The newest Global Project Tracker from MPP identifies a total of 826 industrial carbon -poor projects worldwide. Of these, 692 were announced, 65 have secured financing and passed FID, and 69 are already operational.
The report notes that the most important progress has occurred in the chemicals and fuels sectors, in particular in hydrogen, ammonia and methanol, while difficult to keep material sectors, such as steel and cement, remain more challenging due to the competitiveness of price and technological adulthood.
The report notes that the growing importance of the so -called “New Industrial Sunbelt. “The term refers to a group of emerging economies such as Brazil, India, Oman, Egypt, South Africa, but also Australia, all strategically positioned to lead industry due to a highly renewable energy potential, abundant land availability and the improvement of policy.
These countries are now good for almost a third of all announced clean industrial projects and about 25% of those who have reached FID. Their role is considered essential for the future of global industrial production with low emissions.
Nevertheless, MPP is clear about challenges for the future, with the emphasis on three persistent barriers: increased trade tensions and global macro -economic uncertainty, unclear or changing government policy frameworks, in particular concerning tax credits and carbon border mechanisms, and an abundance of Capacity and the Basic steel and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the prizes and the praise and basic. endure.
There are no fewer than 700 projects in pre-FID status, which is an estimated $ 1.6 trillion in capital investments. Among these are various high -profile initiatives that are now confronted with delays or re -evaluation. Include FortescueS Fsugy Gibson Island Green hydrogen plant in Australia and ArcelorMittalS MT Flagship Green Steel Project in Europe.
Nevertheless, MPP remains optimistic and identifies three critical factors to make successful project development possible. These include the falling costs of renewable energy and clean industrial technologies, stronger measures on the demand side such as purchasing mandates and purchase agreements and coordinated policy for the supply to the authority to risk capital investments.
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