Roundtable: Financing the industry transition
The Mission Possible report estimates that that the industry transition is technically possible by mid-century at a cost to the economy of less than 0.5% of global GDP. A forthcoming report by the Stockholm Sustainable Finance Centre finds that decarbonizing Swedish industry between now and 2045 would need about 65 billion SEK (roughly 6 billion euros) in total capital. But the research also concludes that policies, not finance, are the obstacle to decarbonizing industry.
This roundtable unpacked what immediate and forceful action policymakers, investors and businesses need to take together to finance the industry transition. It gathered key players from the industry transition and from financial institutions to discuss how much finance is needed in the industry transition, what the main determining factors for the scale and availability of transition finance, and what policies enable financing of the industry transition.
LeadIT members participating in this roundtable included representatives from the governments of Sweden, India and the United Kingdom as well as representatives from our company members LafargeHolcim, Scania, DalmiaCement and DSM.
07 July 2020