Tackling Climate Innovation’s Finance Gap

Truly achieving industrial decarbonization will require companies, governments, and financial institutions to come together and bridge the finance gap.he biggest challenges—and greatest opportunities—for decarbonizing industry are playing out just off the highway, a few miles from downtown Chicago in a nondescript industrial park.

It’s not that there isn’t demand. Big tech companies building new data centers are especially eager to pay for low-carbon solutions. Federal and state governments are seeking low-carbon products for their projects. And many end users of buildings—think of companies that lease office space—would be willing to pay a small premium.

Ozinga is a rare case. The company is family owned and is financing a $250 million green cement facility with its own money. It’s a bet that the rest of the market will come along—and when it does, the company will have a first mover advantage.

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