Climate Risks in the Industrials Sector

The industrials sector accounts for 25% of global carbon dioxide (CO2 ) emissions (IEA, 2022b). It comprises many sub-sectors, including manufacturing, petrochemicals, steel and iron, and construction inputs. The share of industrials sub-sectors in emitting global CO2 emissions is shown in Figure 1. As the global economy accelerates its efforts to meet the goal of net-zero emissions by 2050, the carbon-intensive industrials sector will have a crucial role in decarbonising the global economy.