Description
Financing industrial decarbonisation is a challenge but also presents major opportunities, as the many technologies required to put industrial emissions on a path aligned with net-zero emissions are still under development or at early stages of commercialisation. This is particularly the case in emerging markets and developing economies (EMDEs), which seek to reduce their emissions while developing or expanding their industrial base. The investment needed to decarbonise industries requires financing from all sources: public, private, national and international. International assistance can facilitate the creation of markets, the sharing of technology and expertise, and improved access to (low-cost) finance to support the required investments in EMDEs, as well as capacity building. This session will explore the preliminary findings from an OECD-IEA joint study on scaling up technical and financial assistance for industry decarbonisation in EMDEs, which aims to support efforts to operationalise the COP29 pledge, ''Scaling International Assistance for Industry Decarbonisation''.