Signal | Issue 33 | June 2026

A rare bit of positive news in a turbulent year: clean industry investment is accelerating.

Contents

• New data: clean industry investment is accelerating, with 19 projects reaching FID in six months
• The global pipeline now represents a $4.7 trillion opportunity across plants, power and infrastructure
• New industrial value chains are being built: who will benefit, and who adapts to markets designed elsewhere?

Read report | Global Project Tracker Clean industry rising report June 2026

Data from our newly-published Global Project Tracker update shows that 19 commercial-scale clean industrial projects reached final investment decision in the past six months – more than double the pace of a year ago.

These investments will build the plants to produce the clean fuels, chemicals and materials modern economies depend on: fertilisers for food production, fuels to move goods and people, and the steel, cement and aluminium needed for infrastructure, transport and manufacturing.

The Global Project Tracker now records 161 clean industrial projects operating or under construction, with more than 800 more in development.

Our analysis in the accompanying report – “Clean industry rising: the foundation of resilient value chains” – shows that the global pipeline of projects under development represents an estimated $4.7 trillion investment opportunity: around $1.5 trillion in industrial production assets themselves and a further $3.2 trillion in the associated renewable energy infrastructure needed to power them.

China continues to set the pace, accounting for 13 of the 19 new FIDs. But there is genuine momentum elsewhere. India’s pipeline of announced projects grew by 30% in just six months, which together with projects reaching FID in Paraguay and Thailand, highlights momentum across the new industrial sunbelt.

Each project to secure finance is building a brand-new industrial ecosystem – creating demand for clean power, infrastructure, technology suppliers, finance and long-term buyers. The countries that move first are building new value chains that will set them on a path to industrial leadership.

In our report we dig into what is unlocking investment in the fastest-moving sectors. Aviation now has more clean industry projects past FID than any sector except legacy low-carbon aluminium, helped by mandates that are giving investors confidence in future revenues. Similar market signals could unlock the next wave of investment in materials, fertilisers and chemicals.

The clean industrial value chains being formed now will not be easy to unwind. They will shape trade relationships, supply chains, standards and industrial competitiveness for decades.

The question is no longer whether clean industry will grow. We are now firmly on that path. It is who will shape it, who will build it, and who will be left adapting to markets designed elsewhere.

Read the report | Clean industry rising

Explore the latest | Global Project Tracker