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Industry players call for decarbonisation budgets to boost net-zero drive

February 28, 2023

Reducing emissions in hard-to-abate industries such as shipping is vital in the effort to combat climate change, with industry and transport accounting for almost half of the global emissions.

The call comes following the release of a landmark report that outlines less than a third believe they have adequate budgets to do so, and over half have not yet set net-zero targets.

The findings from ‘Hard to Abate, Ready to Start’, published today by Masdar, the host of Abu Dhabi Sustainability Week (ADSW), in partnership with FT Longitude, furthers the discussion on decarbonization by identifying the biggest hurdles, and what is needed to drive greater action in the lead up to the 2023 United Nations Climate Change Conference (COP28) in the UAE.

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