World Economic Forum – Defossilizing Industry

The main theme of the report is exploring pathways for scaling up carbon capture and utilization (CCU) in industry as a means of decarbonization.

Key findings include that CCU offers promising pathways for transforming captured CO2 into products such as fuels, chemicals, and building materials. Despite being in the early stages of development and having high costs, CCU can create new industrial value and reduce reliance on primary fossil resources. Uneven policy support and limited market signals may affect CCU development. Measures are needed to address policy and financial barriers and to encourage cross-sector collaboration.