Sweden increases its engagement in the Clean Energy Ministerial to accelerate the industry transition
Sweden is joining the Industrial Deep Decarbonisation Initiative (IDDI), whose aim is to accelerate the green industry transition.
The IDDI is an initiative of the Clean Energy Ministerial, a global coalition of public and private stakeholders working to accelerate clean energy transitions. The IDDI aims to stimulate demand for low-carbon steel and cement by establishing ambitious public sector procurement targets and to set industry-wide standards and definitions of low-carbon steel and cement.
“Sweden and Swedish companies are leading the transition to fossil-free steel and have a key role to play. Industry accounts for 34 per cent of global greenhouse gas emissions, and steel and cement account for more than half of that. We can join forces to advance the clean energy transition through global cooperation,” says Minister for Energy, Business and Industry Ebba Busch.
Sweden’s participation in the initiative was announced at the COP27 climate conference.