Framework for industry’s net-zero transition: Developing financing solutions in emerging and developing economies

Oecd

No 32, OECD Environment Policy Papers from OECD Publishing

Abstract: The manufacturing industry is a major source of global carbon dioxide emissions. Industrial production will continue to shift to emerging and developing economies. New investments are needed in low-carbon technologies to align industry’s growth with countries’ net-zero emission targets. In order to reduce the risks associated with the high cost and low maturity of the many needed low-carbon technologies, scaling up finance from both public and private financial sources will be crucial. OECD’s new “Framework for industry’s net-zero transition” is a step-by-step approach to assist emerging and developing economies in designing solutions for financing and to improve the enabling conditions that can accelerate industry’s transition. Outcomes of the Framework implementation in emerging and developing economies will contribute to the broader climate and finance policies and it can help to facilitate international co-operation for transition at scale.

Keywords: blended finance; carbon border adjustment mechanism; carbon price; carbon tax; CCUS; circular economy; clean energy finance; clean energy investment; clean energy policy framework; climate change; climate change mitigation; climate resilience; de-risking instruments; emission trading system; emissions reductions; enabling conditions; energy efficiency; financing instruments; green hydrogen; green industry; green infrastructure; greening supply chains; industry decarbonisation; industry transformation; industry transition; large corporates; low-carbon fuels; low-carbon industry; low-carbon investment; low-carbon technologies; material efficiency; Net-zero emissions; renewable energy; renewable heat; small and medium enterprises; sustainable business; sustainable industry; sustainable infrastructure; transition finance (search for similar items in EconPapers)
Date: 2022-09-08
New Economics Papers: this item is included in nep-ene and nep-env
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