The OECD, as the interim secretariat of the Climate Club along with the IEA, fulfils a key role in enhancing multilateral co-operation and providing technical assistance to leverage the public and private finance required to accelerate industrial decarbonisation in EMDEs. To contribute to this objective, the Climate Club has undertaken its first ever mapping of financial and technical assistance to industry decarbonisation in EMDEs. This report on “Mapping financial and technical assistance for industry decarbonisation in emerging markets and developing economies: Taking stock of trends for hard-to-abate sectors” provides new insights, by highlighting that financial and technical assistance for industry decarbonisation in EMDEs has not received the necessary attention so far.
During the 11th OECD Forum on Green Finance and Investment, the OECD held a stakeholder session to:
- Present the upcoming Climate Club report “Mapping financial and technical assistance for industry decarbonisation in emerging markets and developing economies: Taking stock of trends for hard-to-abate sectors”, under Pillar III of the Climate Club Work Programme 2024.
- Promote dialogue among international finance institutions, philanthropies, institutional investors, and international organisations on the necessary enabling conditions and financing mechanisms required, considering success stories from different countries, sectors, and technologies.
- Outline solutions to improve the coordination of the financial and technical assistance required for industry decarbonisation and for their effective use to mobilise private capital.