This article discusses a report on the potential of heavy industry to combat climate change offers a rare slice of optimism. Sectors like steel, chemicals, cement, aviation and aluminium face a huge challenge in cutting carbon emissions.
But a group including representatives from business concludes it is both practical and affordable to get their emissions down to virtually zero by the middle of the next century.
The report’s been described as wishful thinking by some environmentalists.
The group, the Energy Transitions Commission (ETC), says we can. It calculates that industrial emissions can be eradicated a cost of less than 1% of global GDP, with a marginal impact on living standards.