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Green product demand hinders $700bn low-carbon investments in high-emission industries, obstructing Paris climate goals.
Weak demand for green products is obstructing up to $700 billion in necessary investments for low-carbon projects in high-emission industries like aluminum, steel, and cement, according to the Industrial Transition Accelerator (ITA).
These sectors account for roughly 30% of global CO2 emissions.
To align with Paris climate goals, projects must finalize investment decisions in the next 2-3 years, but uncertainty in market demand poses a significant barrier to investment.
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La demanda de productos verdes dificulta las inversiones de 700 mil millones de dólares con bajas emisiones de carbono en industrias de alto nivel de emisiones, obstruyendo los objetivos climáticos de París.