Low-Carbon Emitting Technologies Initiative (LCET)
Due to global population growth and expansion of the middle class, it is expected that demand for chemicals and materials will quadruple by 2050. At the same time, achievement of the Pari...
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Shaping the Future of Energy, Materials and Infrastructure
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Enabling business, governments and society to grow sustainable economies, help to halt climate change, and create a more equitable world.
A transition of energy, materials, and infrastructure is needed in the next two decades to keep global temperature increases below 1.5 degrees while ensuring the energy future is affordable, secure and inclusive. New trends and technologies are changing energy production, delivery and consumption. In parallel, world demand for raw materials could double by 2060. Getting on track to net-zero emissions by 2050 will require annual investment in clean energy infrastructure to reach nearly $4 trillion by 2030.
All of this will require a radical restructuring of the economy. Our Platform works with 5 main industries
- Infrastructure
- Mining and Metals
- Chemicals and Materials
- Oil and Gas
- Electricity
to nurture and consolidate leading industry actions, incubate industry-driven initiatives on platforms within and outside the Forum, implement industry focus of institutional activities (eg ESG), and catalyze the transformation of the energy, materials and infrastructure industries at large.
To enable the transition, our Platform currently focuses on the following four key issues:
Benchmarking and Country Dialogues: Accelerate transition of national energy systems and key industrial sectors through fact-based frameworks, dialogues and tools to benchmark progress of national energy systems and industrial transformation towards net zero emissions – promoting an inclusive understanding of priorities and challenges.
Growth Markets: Mobilize efforts and investments to significantly contribute to the clean energy transition in countries and regions where the economy at large, energy demand and emissions are growing the most.
Net-Zero Carbon Cities: Align and scale efforts across private and public sectors to help national and city level leaders meet their emission reduction targets by creating an efficient, electric and circular urban energy landscape.
Transforming Industrial Ecosystems: Consolidate the strategies and multi-stakeholder coalitions that will deliver net-zero materials industrial ecosystems, unlock the frontier technologies and agile human capital management that will enable them, and design new approaches towards their future performance.
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