Industry Transformation

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.