Decarbonizing Industry in Canada and the G7 - May 2023 - Prepared by: Felix Whitton, Ollie Sheldrick, Stefan Pauer and Rachel Doran
17 May 2023
Reducing emissions from steel, of the G7 group of countries and their disproportionate cement, and chemicals is challenging for both economic contribution to global emissions, reducing G7 heavy and technological reasons, and the sector is still at an industry emissions would be a game changer in the early stage in its trajectory. [...] 2 Clean Energy Canada / Decarbonizing Industry in Canada and the G7 G7 Commitments to Industrial Decarbonization In 2021, the G7 Industrial Decarbonisation Agenda was To determine whether Canada is seizing the established, initially focused on defining near-zero cement opportunity presented by industrial decarbonization, and steel. [...] Clean Energy Canada / Decarbonizing Industry in Canada and the G7 5 Decarbonization Activity in the G7 Over the past year, the world has entered a clean energy arms race. [...] 12 Clean Energy Canada / Decarbonizing Industry in Canada and the G7 Percentage of GDP-by-industry Tracking Canada’s Progress To determine whether Canada is seizing the opportunity presented by industrial decarbonization, we reviewed Canadian policies against the IEA’s five recommended objectives that were adopted by the G7 in the May 2022 communiqué on industrial decarbonization. [...] S.-EU agreement, which would prioritizes participation and engagement in include other producers in a “green steel international forums such as the Industrial club” and set emissions standards for Deep Decarbonization Initiative, and First imports and exports.78 Movers Coalition.51 Clean Energy Canada / Decarbonizing Industry in Canada and the G7 15 Conclusion Industrial decarbonization is necessa.