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Decarbonization of Industry: Mapping Progress on the Lux Carbon Canvas

Anthony Schiavo

Anthony Schiavo

Senior Director and Principal Analyst

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Abhirabh Basu

Abhirabh Basu


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Heavy industries like steel, cement, and aluminum are crucial to society but are also major emitters of greenhouse gases. These fields constitute 60% of the emissions within the industrial sector and 40% of all energy consumption. The ultimate goal is to lower carbon emissions in these sectors by 2030 and beyond, but are they making enough progress?​

Decarbonization is becoming an increasingly important priority for government, as demonstrated by the European Commission and the Biden administration. The industrial field is reacting as well, with both startups and major players committing to innovative technologies like hydrogen, along with specific instances like Boston’s Sublime Systems securing USD 40 million to lower carbon emissions in cement production. ​

In this e-book, we use the Lux Carbon Canvas to map industrial companies, evaluate their decarbonization efforts, and build future strategies for industrial decarbonization. ​

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About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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