China dominates low-carbon industrial projects, US lags, report says
Waste & Recycling | 2026-06-08 12:38:01
The number of low-carbon industrial projects that have secured funding over the last six months has more than doubled year-on-year to 19, worth $43 billion, with the bulk of them in China, a report said on Monday.
By Anil Mathews
LONDON, June 8 (Reuters) - The number of low-carbon industrial projects that have secured funding over the last six months has more than doubled year-on-year to 19, worth $43 billion, with the bulk of them in China, a report said on Monday.
Some 13 of the projects that reached a final investment decision from November to April were in China, ranging from methanol to aluminium, while only one of them was in the U.S., a report by the Mission Possible Partnership said.
The 19 projects getting funding compared to eight projects in the same period a year ago, it added.
Green industrial investment accelerated during a period when the U.S. and Israel attacked Iran, pushing up prices of fossil fuels.
"In an increasingly fragmented and unstable environment, fossil-fuel dependence has shown time and again to mean exposure to price shocks, supply disruption, and economic crises," said Faustine Delasalle, CEO of the MPP.
The MPP is a U.S.-based non-profit group seeking to boost the growth of low-emission industry and is supported by the Bezos Earth Fund and the World Economic Forum.
The total pipeline of announced low-carbon industrial projects is 969 in sectors that include chemicals, aviation, cement and metals.
China accounts for 170 of the announced projects, while so-called "sunbelt" countries including India and Brazil have 318, Europe with 211 and the United States at 72.
"The United States has a significant pipeline, but is losing relative momentum," the report said, adding the number of announced projects dropped by 20 from 92 over 12 months.
