The role of the industrial transition accelerator (ITA) in catalysing decarbonisation across six heavy-emitting sectors

The Industrial Transition Accelerator (ITA) is a crucial global initiative launched at COP28, focused on driving the transition to low-carbon heavy industries. With the potential for over $700 billion in investments into green industrial pipelines, the ITA targets six of the highest-emitting sectors: aluminium, cement, chemicals, steel, aviation, and shipping. Despite the announcement of over 450 large-scale projects aimed at producing green commodities by 2030, many are currently stalled due to a lack of demand for low-carbon products. To overcome this barrier, the ITA has identified three critical requirements for scaling up demand: effective policies, clear product standards, and mechanisms to facilitate product offtake and green product purchases. Through collaboration with industry, investors, and key partners, the ITA aims to foster the commitments needed to secure financing and advance these projects by 2026.are pivotal in steering the maritime industry towards a safer, more energy efficient, and sustainable future. Beyond operational gains, an increasingly automated industry empowers the next generation of maritime professionals to view shipping as an increasingly attractive career path.