This paper was commissioned as part of BloombergNEF’s work as Research Partner for the Bloomberg New Economy Climate Technology Coalition. The Coalition was formed in 2022 by a global group of stakeholders that are well placed to provide insights on approaches to industrial decarbonization. It has set an agenda to identify and support the rapid scale up of the next generation of climate-critical green technologies that will be instrumental in achieving the world's goals to avoid climate catastrophe. The planet simply cannot wait for polluting industries to slowly shift strategy and technologies.

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