The role of the industrial transition accelerator (ITA) in catalysing decarbonisation across six heavy-emitting sectors

The Industrial Transition Accelerator (ITA) is a crucial global initiative launched at COP28, focused on driving the transition to low-carbon heavy industries. With the potential for over $700 billion in investments into green industrial pipelines, the ITA targets six of the highest-emitting sectors: aluminium, cement, chemicals, steel, aviation, and shipping. Despite the announcement of over 450 large-scale projects aimed at producing green commodities by 2030, many are currently stalled due to a lack of demand for low-carbon products.

To overcome this barrier, the ITA has identified three critical requirements for scaling up demand: effective policies, clear product standards, and mechanisms to facilitate product offtake and green product purchases. Through collaboration with industry, investors, and key partners, the ITA aims to foster the commitments needed to secure financing and advance these projects by 2026.

Attendee insights:

James Schofield, Deputy Director of the Industrial Transition Accelerator (ITA), will discuss the ITA's pivotal role in leveraging global channels and expertise to overcome project barriers in the coming two years. With his extensive experience in driving industrial decarbonisation initiatives, James will provide insights into how the ITA aims to catalyse investments and foster collaboration across key sectors, ensuring that tangible solutions are deployed for a sustainable transition toward low-carbon heavy industries.