Transforming Carbon-Intensive Industries
Carbon-intensive industries like cement and steel account for 30 percent of global emissions. Technologies available today can slash emissions but only if stakeholders work together to overcome barriers. That’s why the Bezos Earth Fund is partnering with groups like the Mission Possible Partnership to establish green industrial hubs in Houston and Los Angeles to help trigger a net-zero transformation of seven industrial sectors.
Seven industries—steel, aluminum, concrete, chemicals, aviation, marine shipping, and heavy trucking—account for 30 percent of global greenhouse gas emissions. These carbon-intensive industries provide crucial goods and services, and they are key to winning the war on climate change.
Technologies available today can slash industry emissions. Industry-backed analyses we’ve supported at the Mission Possible Partnership show how these seven industries can transition to net-zero greenhouse gas emissions by 2050, and what that transition looks like along the way.
By 2030, hundreds of net-zero industrial projects must be in operation around the world, including 300 sustainable aviation fuel plants, 70 net zero steel plants, 20+ net zero concrete plants and more. These transitions will require rapid scale-up of green hydrogen, carbon capture, and carbon-free electricity. This can all be done, but only if stakeholders work together to overcome cost, regulatory, and logistical barriers.
Philanthropic investment is needed to align stakeholders and drive coordinated action.
Our newest grant supports the Mission Possible Partnership to work with leading companies, governments, and other stakeholders to establish green industrial hubs in Houston and Los Angeles. By accelerating net zero industrial projects and markets in two cities with favorable conditions (plentiful renewable electricity, low-cost hydrogen, local off-takers for green fuels and products, supportive local policies, etc.) and ensuring those projects benefit local communities and the local economy, we can help drive a global transition to net zero industrial production.
Our growing industry portfolio includes grants to the Mission Possible Partnership for work across all seven industries and to the ClimateWorks Foundation for work on steel, cement, shipping, and heavy trucks.