citiCitiGPSHard to Abate SectorsEmissions llThe Road to DecarbonizationCiti GPS:Global Perspectives SolutionsJuly 2024Citi is one of theworld's largest financial institutions,operating in all major established and emerging markets.Across these world markets,our employees conduct an ongoing multi-disciplinaryconversation-accessing information,analyzing data,developing insights,and formulating advice.As our premier thoughtleadership product,Citi GPS is designed to help our readers navigatethe global economy's most demanding challenges and to anticipate future themes and trendsin a fast-changing and interconnected world.Citi GPS accesses the best elements of our globalconversation and harvests the thought leadership of a wide range of senior professionals across our firm.This is not a research report and does not constitute advice on investments or asolicitations to buyor sell any financialinstruments.For moreinfor mation on Citi GPS,pleasevisit our websiteat www.citi.com/citigps.Citi GPS:Global Perspectives SolutionsJuly 2024Primary AuthorsElizabeth CurmiAndrea FlemingHead of Climate Finance Energy TransitionCiti Global InsightsCiti Global Insights+44-20-7986-8326 andrea.fleming@citi.com+44-20-7986-6818 elizabeth.curmi@citi.comJason ChannellYing QinHead of Sustainable FinanceGlobal Thematic AnalystCiti Global InsightsCiti Global Insights+44-20-7986-8325|ying.qin@citi.comMichael ParkerWilliam HusbandGlobal Shipping LogisticsGlobal Head of Metals MiningCorporate Banking,CitiCorporate Banking,CitiCathy ShepherdElizabeth SpringerGlobal Head Clean Energy TransitionClean Energy TransitionCorporate Banking,CitiCorporate Banking.CitiSanaa MehraShoumi MittraHead of EMEA Sustainable Debt FinancingEMEA Sustainable Debt FinancingCitiCiti