Latest news with #IndustrialTransitionAccelerator
Economic Times
7 hours ago
- Business
- Economic Times
India's $89 billion clean industry pipeline struggles to attract financing, report says
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
Time of India
10 hours ago
- Business
- Time of India
India's $89 billion clean industry pipeline struggles to attract financing, report says
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Avoid Emotional Trades in Volatile Markets – Master Swing with Hemant TradeWise Learn More Undo India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. Live Events "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
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Business Standard
12 hours ago
- Business
- Business Standard
Clean industry projects worth $89 bn stall amid financing woes: Report
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Reuters
15 hours ago
- Business
- Reuters
India's $89 billion clean industry pipeline struggles to attract financing, report says
June 19 (Reuters) - India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed. The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said. The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP. "The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
Mid East Info
08-05-2025
- Business
- Mid East Info
$100B Green Industry Push: Egypt Joins UAE & Bahrain in Landmark MENA Pact to Fast-Track Green Industrial Projects
New partnership with Egypt as critical Industrial Transition Accelerator (ITA) partner to fast-track industrial decarbonisation and support clean industrial growth Abu Dhabi, UAE – The Industrial Transition Accelerator (ITA) announced a new partnership with Industrial Modernization Center (IMC) under the Arab Republic of Egypt's Ministry of Industry to accelerate critical clean industrial projects in the region. The signing of the partnership agreement was attended by His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ITA Co-Chair of the Industrial Transition Accelerator, His Excellency Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport in Egypt, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade in the UAE. The agreement was signed by His Excellency Omar Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology of the UAE, on behalf of the ITA, and Duaa Salima, Executive Director of the IMC on behalf of Egypt. His Excellency Omar Suwaina Al Suwaidi said: 'The MENA region has a unique opportunity to become a world leader in sustainable industries, driven by a rapidly expanding industrial sector and abundant human and natural resources. The ITA's new partnership with Egypt marks the beginning of an exciting chapter, where we can strengthen regional cooperation to advance industrial sustainability, and reduce carbon emissions. Lastly, to benefit from advanced technologies in developing innovative solutions to achieve sustainable goals while enhancing industrial competitiveness.' He added: 'The ITA is a strategic necessity for building a resilient industrial ecosystem that aligns with future global trends. It works to enable industries to adopt practices and technologies that minimize environmental impact while improving productivity. At the Ministry of Industry and Advanced Technology of the UAE, we are committed to accelerating the deployment of innovative solutions for industrial decarbonization to ensure the region's readiness for a sustainable industrial future.' The ITA aims to bring together leadership across industry, finance and governments to accelerate decarbonisation in key high-emitting industries on both the regional and international levels for the aluminium, cement, chemicals, steel, aviation and shipping sectors. The partnership will expand and support essential green industrial projects across the MENA region, marking a major step forward in reducing the industrial sector's carbon footprint. Egypt's inclusion in the initiative marks a significant milestone, making it the third country to join the ITA's MENA Programme, following the UAE and The Kingdom of Bahrain. Egypt is a key industrial hub in the MENA region and is contributing to the global shift toward sustainable industry, given its strategic location and access to conventional and renewable energy sources. The industrial sector in Egypt inputs significantly to the national economy and its national industrial strategy aims to contribute to the GDP from 14% to 20% by 2030 and green economy's share to 5%. of GDP and will have a critical role in green economic development. With the support that Egypt will receive as part of the ITA's MENA programme, Egypt has the opportunity to become a critical supplier within the MENA region for Europe's demand for low-carbon commodities. Duaa Salima, Executive Director of the IMC, welcomed the signed Memorandum of Understanding (MoU), which underpins the new partnership and aims to foster co-operation in reducing carbon emissions from the heavy-emitting industry and transport sectors that are the focus of the ITA's work, as well as to facilitate the exchange of technical knowledge, advice, skills, and expertise through the ITA. Ms. Salima stated that the MoU seeks to provide comprehensive support for a range of carbon emissions reduction projects in the heavy-emitting industry and transport sectors, helping to accelerate the path to a final investment decision. She emphasised that this partnership highlights the need for government support to enhance collaboration, streamline processes, and ensure alignment with national emissions reduction targets. The ITA, in collaboration with the UAE Ministry of Industry and Advanced Technology (MoIAT), will identify and support major industrial projects, fast-tracking final investment decisions over the next two years to become operational before 2030. These efforts support the climate objectives set forth under the Paris Agreement. 'This partnership with Egypt builds on the growing momentum of ITA's MENA Programme. With its established energy infrastructure, growing renewable energy capacity, and close trade ties to the EU, Egypt is well-positioned to become a leader in supplying low-carbon industrial goods,' said Faustine Delasalle, Executive Director of the ITA. The ITA has established a successful country partnership model, working with governments, project developers and local organisations to provide bespoke and targeted support that progresses a portfolio of green industrial products in heavy-emitting industrial and transport sectors to become financed. In 2024, the ITA launched Project Support Programmes in partnership with the government of Brazil and in the MENA region with the governments of the UAE and Bahrain. So far, these programmes have identified a pipeline of more than 45 projects, representing investment opportunities of over USD100 billion. The ITA will provide specialized support to ensure the successful execution of projects, accelerating decarbonization efforts across the MENA region. The initiative will work closely with project developers to identify and overcome key barriers, including stimulating demand for green products through regulatory and policy alignment at the regional level, developing low-emission value chains to support sustainable industrial production, and establishing risk mitigation mechanisms to encourage investment in regional industrial decarbonization projects. About the ITA: The ITA is a global multistakeholder initiative, launched at COP28, to catalyse decarbonisation across heavy-emitting industry and transport sectors, that represent a third of global emissions. With expansive networks across industry, financial institutions, and governments, the ITA brings together global leaders to unlock investment at scale, for the rapid deployment of decarbonisation solutions. Within three years, it aims to significantly grow the pipeline of commercial-scale, clean industrial projects to reduce emissions by 2030 and enable delivery of Paris Agreement-aligned ambition for these sectors. About the Industrial Modernization Center of Egypt: The Industrial Modernization Center seeks to provide technical and managerial consultancy to improve production and administrative processes in companies and factories, enhancing their efficiency and competitiveness. The Center also organizes comprehensive training programs aimed at developing the technical and managerial skills of workers in the industrial sector, strengthening their capacity for innovation and productivity. The Center works to connect industry with scientific research and advanced technology by implementing projects that integrate modern technologies and renewable energy applications into industrial operations. Additionally, it strives to achieve environmental and economic sustainability in Egyptian industries by adopting eco-friendly practices and reducing waste.
