Heavy industry faces one of the hardest paths to net zero, yet momentum is starting to build. New decarbonization commitments reached nearly $15 billion by mid-2025. The largest chunk of investment is concentrated in the steel industry, where electric arc furnaces and hydrogen-ready technologies are already pushing down emissions. Other sectors, like aluminum, cement and plastics, are experimenting with recycled materials, electrified heat and bio-based feedstocks. Policy is also proving decisive, with Europe, Australia and Asia pushing carbon border tariffs, retrofit funds and industrial carbon markets. So is heavy industry finally turning a corner on its path to decarbonization? On today&rsquo;s show, Kobad Bhavnagri is joined by Allen Tom Abraham, BloombergNEF&rsquo;s head of sustainable materials, to walk through his team&rsquo;s note &ldquo;Industrial Decarbonization Market Outlook 2H 2025.&rdquo; Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on <a href="https://www.bnef.com/">bnef.com</a> Links to research notes from this episode: Industrial Decarbonization Market Outlook 2H 2025 - <a href="https://www.bnef.com/insights/38051/view">https://www.bnef.com/insights/38051/view</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

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Heavy Industry’s Bumpy Path to a Low-Carbon Future

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