Global climate change has been one of the challenging environmental concerns facing policy makers in the past decade. The characterization of the wide range of greenhouse gas emissions sources and sinks as well as their behavior in the atmosphere remains an on-going activity in many countries. Lebanon, being a signatory to the Framework Convention on Climate Change, is required to submit and regularly update a national inventory of greenhouse gas emissions sources and removals. Accordingly, an inventory of greenhouse gases from various sectors was conducted following the guidelines set by the United Nations Intergovernmental Panel on Climate Change (IPCC). The inventory indicated that the industrial sector contributes about 29 percent to the total greenhouse gas emissions divided between industrial processes and energy requirements at 12 and 17 percent, respectively. This paper describes major mitigation scenarios to reduce emissions from this sector based on associated technical, economic, environmental, and social characteristics. Economic ranking of these scenarios was conducted and uncertainty in emission factors used in the estimation process was emphasized. For this purpose, theoretical and experimental emission factors were used as alternatives to default factors recommended by the IPCC and the significance of resulting deviations in emission estimation is presented.