The manufacturing industry sector is essential to sustain economic activity and for sustainable development, yet production of materials and goods account for 40% of the total global CO2 emissions. Many low-carbon technologies for industry face high costs and have limited commercial readiness. This creates risks for actors to invest at the required level to achieve decarbonisation in line with net-zero targets. This is a particularly salient problem for emerging and developing economies, where the lion’s share of industrial production’s increase will likely take place in the coming decades.
This is the context in which, at the OECD the CEFIM programme has released the “Framework for industry’s net-zero transition” to develop financing solutions in emerging and developing economies.