As a cornerstone of the global economy, thechemical industry is tightly interconnected in acomplex web of value chains, contributing to allgoods-producing industrial sectors, and plays avital role in the transition towards a global net-zero society.The so-called low-carbon emittingtechnologies (LCETs) are important buildingblocks in the chemical industry's net-zero
endeavour.To propel LCETs forward, the WorldEconomic Forum and major chemical-sectorcompanies founded the Low-Carbon EmittingTechnologies Initiative. While offering significantdecarbonization opportunities to all industrialvalue chains,LCETs still face various challenges.The development and upscaling of LCETs dependstrongly on favourable policy environments,rangingfrom monetary incentives to demand-side policies.
