5 Industry

Milestones, outcomes, strategies
Milestones Industry symbol
HEAVY INDUSTRY – INCLUDING IRON & STEEL, CEMENT, CHEMICALS AND OIL & GAS – COMMITS TO BEING PARIS COMPLIANT.
Outcomes
  1. Heavy industry firms have developed, published and begun implementing roadmaps for their transition to a decarbonized economy in 2050.
  2. Heavy industries are increasing their energy, emission and material efficiencies and are on a trajectory to halve emissions by 2050 using science-based targets.
Strategies
  1. Energy efficiency is doubled in heavy industry operations.
  2. Governments where industry is a significant emitter of GHGs set  a carbon price.
  3. All industries have full metering and monitoring of energy consumption.
  4. Heavy industries have an Energy Management System and a strategy for decarbonisation by 2020.
  5. Energy intensive industries incorporate re-use and recycling in their path to a circular economy business plan.
  6. Research and development incentives created  to facilitate the production of solutions to power energy intensive machinery with RE.