New MPP tracker reveals heavy industry transition has started but needs to accelerate sevenfold to meet 2030 climate targets - Seite 2

MPP's Tracker uses aggregated data to chart investment progress into net-zero-aligned projects, with quarterly updates. It is the first publicly available tool combining seven sectors and visually depicting the pipeline, indicating a project's status ranging from announced to FID and operational.

Today's flagship projects prove that technologies are maturing, and announced projects show the opportunity to create critical mass and realise new markets for clean industrial products. However, economic and policy barriers must rapidly be tackled to create widespread bankability for announced projects whilst encouraging the development of many more.

Evidence is emerging on the interventions that can accelerate the pipeline. Tracker analysis shows key levers that can inspire further action:

• Government policies can create demand and bridge the green premium.
• Support for clean technology deployment can de-risk investment.
• Co-location of projects and enabling infrastructure brings synergies.

Dick Benschop, Interim Chief Executive Officer of the Mission Possible Partnership, said: "We have a new level of insight into the decarbonisation trajectory for heavy industry and transport – and the rising ambition of industry is clear. But with the planet's future hanging in the balance, there is no hiding from the challenges ahead. We need to rapidly unlock the barriers that can transform plans into plants.  MPP is committed to addressing the collective action needed, and we urge all stakeholders to contribute." 

Christiana Figueres, Co-Founder, Global Optimism: "Realising the Paris Agreement means the so-called 'hard-to-abate' sectors 'have-to-abate'. MPP's Global Project Tracker demonstrates that they already can and - in many cases - 'want-to-abate'. Exponential transformation is now within reach across heavy industry, shipping, aviation and trucking. But, while the MPP project pipeline provides a clear pathway for progress, success is not inevitable. Policymakers and investors must show courageous leadership at this crucial crossroads and make decisions that enable the have-to-abate sectors to move at the pace and scale required."

tracker.missionpossiblepartnership.org

Explore the map

Further insights

Learn more about Mission Possible Partnership

Photo - https://mma.prnewswire.com/media/2388834/Mission_Possible_Partnership.jpg

View original content:https://www.prnewswire.co.uk/news-releases/new-mpp-tracker-reveals-heavy-industry-transition-has-started-but-needs-to-accelerate-sevenfold-to-meet-2030-climate-targets-302118700.html