Industry transformation

 

Background

The OECD is organising a series of webinars on low-carbon hydrogen and industry decarbonisation to delve into selected issues to understand the latest insights and practices on financing and policy solutions. These webinars will bring together a wide range of stakeholders from OECD and non-OECD countries, notably policy makers, industry actors, finance institutions and international organisations.

In September 2022, the OECD released the Framework for industry’s net-zero transition to address the barriers to investment for industry decarbonisation in emerging and developing countries. The Framework is a step-by-step approach to assist these countries in designing solutions for financing and to improve the enabling conditions that can accelerate industry’s transition.

Industry decarbonisation projects face a series of risks that reduce their attractiveness to investors. As a result, key technologies for industry decarbonisation that are less mature such as low-carbon hydrogen, renewable heat and carbon capture use and storage remain financially underserved. The OECD webinar on the challenges and best practices in financing to accelerate industry decarbonisation will delve into this topic, assessing the different financing sources, products and instruments that can be used to accelerate Net-Zero transitions of industry sub-sectors in emerging economies.

Overview

The third webinar of the OECD Series was a joint event co-organised with the Leadership Group for Industry Transition (LeadIT) which aimed to identify the enabling conditions that can create the financing solutions needed to accelerate industry decarbonisation in emerging markets. The outcomes helped identify priority areas and can guide further dialogue with the CEFIM partner countries in Africa, South and Southeast Asia, and Latin America and the Caribbean.

More specifically, it addressed:

• the challenges and barriers to financing industry decarbonisation from the perspective of policy makers, industry actors and finance institutions.
• the emerging practices and instruments used to finance industry decarbonisation projects and how they can be implemented in emerging and developing countries.
  
  

The discussion was based on the LeadIT thought piece, Navigating business and financial challenges for industry transition in the Global South.

Watch the video recording of the event

 

Speakers

Welcome and agenda setting

• Joseph Cordonnier, Industry Programme Analyst, CEFIM Programme, OECD: “Challenges and best practices in financing to accelerate industry decarbonisation”
  
  

Scene-setting: Key questions around financing industrial decarbonisation

• Daniel Duma, Research Fellow, LeadIT: “Key questions on financing industrial decarbonisation”
  
  

Opening remarks

• Mathilde Mesnard, Deputy Director, Environment Directorate, OECD

Session 1: Challlenges and barriers to financing industry decarbonisation

Moderator: Åsa Moberg, Senior Research Fellow, LeadIT

• Astika Andhini, Industrial Quality Management Assessor, Green Industry Centre, Ministry of Industry, Indonesia: “Green Industry Policy in support of Net-Zero Emission achievements”
• Tareq Emtairah, Director of the Department of Energy, UNIDO: “Policies and Best Practices for Industry Transition”
• Daniel Morris, Senior Climate Change Specialist, Climate Investment Funds (CIF), World Bank
• Cécile Seguinead, Steel Decarbonisation Analyst, Science, Technology and Innovation Directorate, OECD: “Challenges & barriers to financing industry decarbonisation - Insights from the Iron and Steel sector” 
  
  

Session 2: Current (and best) practices in financing industry decarbonisation

Moderator: Joseph Cordonnier, Industry Programme Analyst, CEFIM Programme, OECD

• Manish Chourasia, Managing Director, Tata Cleantech Capital Limited
• Manuel Fulga, Lead of Sustainable Finance, World Economic Forum: “Financing the Transition to a Net-Zero Future”
• Gianpiero Nacci, Director of Sustainable Business and Infrastructure, European Bank for Reconstruction and Development (EBRD): “Challenges and best practices in financing to accelerate industry decarbonisation”
• Ivan Pavlovic, Energy Transition Specialist, Natixis: “Financing energy transition in developing economies: A commercial bank perspective”
• Wale Shonibare, Director of Energy Financial Solutions, Policy and Regulation, African Development Bank: “Current (and best) practices in financing industry decarbonisation”
  
  

 Closing remarks

• Deger Saygin, Industry Programme Lead, CEFIM Programme, OECD