Mobilising finance and investment for heavy industry decarbonisation in Emerging Markets and Developing Economies (EMDEs) is essential to achieving net-zero emissions by mid-century. The industry sector accounts for as much as 40% of total global carbon dioxide (CO2) emissions, and EMDEs play a central role – producing over 75% of the world’s steel and more than 85% of its cement. As a result, the investment decisions made in these regions over the coming years will be pivotal in shaping the global transition to a net-zero economy.
This report aims to inform the Working Group on Green Industry Support for Emerging Markets and Developing Economies for COP30. This Working Group follows the launch of the Global Pledge on International Assistance for Industry Decarbonisation at COP29.
