The chapter dive into the critical transition towards sustainable industrial practices which are aimed at minimizing the climate change occurring because of industrial practices. As the world have witnessed the environmental repercussions of previous industrial revolutions this new wave of industrialisation focusses primarily on zero carbon production as the focus strategy. The chapter starts with the definition of zero carbon production and underscore its significance in contemporary environmental disclosures. As a part of the analysis, it traces the historical evolution of industrial practices highlighting the urgent requirement for a shift towards sustainability in the industrial practices. Exploring the current state of zero carbon initiative the chapter highlights Global advancement and identifies leading Nations and industries progressing in these in initiative. Further it highlights that how the government and the national and international authorities are approaching towards zero carbon industry and repairing policies for zero carbon production. The key concepts which are helping to transform the industry are renewable energy carbon capture and green manufacturing. Along with their chapter address the economic and social impact of zero carbon production emphasizing its potential to create job foster skill development and enhance community well being and review the existing policy and regulatory framework discussing the future direction and necessary changes. All the barriers and challenges including the technical and financial hurdles are critically analysed to provide a comprehensive understanding of obstacles and future trends and predictions contemplating the long term economic and environmental impacts of zero carbon industry.