In collaborationWORLDwith AccentureF①RUMScaling the Industrial Transition:Hard-to-Abate Sectors andNet-Zero Progress in 2025WHITE PAPERDECEMBER 2025Images:Adobe Stock,UnsplashContentsForeword3Executive summary41 Trends and progress in industrial transformation1.1 The year in review61.2 State of play of the industrial transition91.3 Industrial transition dynamics in 20252 Enabling systems for industrial transformation132.1 Technology landscape is advancing but uneven142.2 Low-carbon demand is growing too slowly152.3 Policy is fragmenting172.4 Infrastructure is expanding but strained192.5 Capital flows are resilient but unevenly distributed20Strategic priorities23Appendix24Contributors27Endnotes29Disclaimerto a project,insight area or interaction.The findings,interpretations andrepresent the views of the World EconomicForum,nor the entirety of its Members,reserved.No part of this pubication maybe reproduced or transmitted in any fommScaling the Industrial Transition:Hard-to-Abate Sectors and Net-Zero Progress n 2025 2