CoAct Database

Industrial Transition Accelerator

The Industrial Transition Accelerator (ITA) galvanises leaders from across industry, finance, and governments to scale the decarbonisation of heavy-emitting industries.

Backed by a vast network of climate innovators, industry leaders and technical experts, the ITA seeks to unlock investment and drive solutions across six critical sectors that account for roughly 30% of global emissions: aluminum, cement, chemicals, steel, shipping, and aviation.

Every second counts in the race to bend the emissions curve downwards and keep alive the goal of limiting global warming to 1.5°C. More than 700 net-zero-aligned plants must be up and running by 2030, according to Mission Possible Partnership (MPP)’s industry-backed milestones for decarbonising key sectors, to get Paris-aligned climate targets on track.

Many decarbonisation projects across these sectors stall due to factors such as cost, technical challenges, changes in the market conditions, or regulatory hurdles. With a focus on the next three years, the ITA aims to accelerate the pipeline of commercial scale, clean industrial projects reaching their critical Final Investment Decision, marking the point at which a project receives green light for full-scale development and operationalisation by 2030.

Backed by USD 30M from Bloomberg Philanthropies and the COP28 Presidency, the Accelerator will turbocharge implementation across energy, heavy industry and transport sectors, finance, and public policy.

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