The green industrial revolution

The industrial sector is responsible for roughly one quarter of global greenhouse-gas (GHG) emissions. A mix of measures, including energy-efficiency improvements, using hydrogen and biomass as feedstock or fuel, producing heat through electric means and adopting carbon-capture technologies, can reduce the sector’s carbon dioxide emissions to almost zero. To decarbonize the industry sector globally will require cumulative investments of EUR2.7trn until 2050. Of this, the EU needs 8% or EUR210bn, and half of this for electrification investments alone. The rest is almost equally split between...