A new report highlights China's strong lead in low-carbon industrial projects, covering areas like green steel, hydrogen, and carbon capture. The US is lagging in these sectors, which could affect global competitiveness and emissions reduction targets. The report points to policy differences and investment levels as key factors behind the gap. For carbon markets and climate finance, this matters because where these projects are built determines future supply chains and emission baselines. If the US wants to catch up, it will need clearer incentives and faster permitting for industrial decarbonization. The report offers a concrete benchmark for tracking progress.
