Unlocking Sustainable Industrial Growth: A Global Partnership for Inclusive Decarbonisation in Emerging Economies
The world is on a mission to tackle climate change, and industrial decarbonisation is a key player in this global effort. It's no secret that heavy industries are major contributors to greenhouse gas emissions, accounting for a staggering 37% of total final energy use and one-third of global emissions. But here's the twist: reframing these industries from 'hard-to-abate' to 'priority-to-abate' is crucial for accelerating progress in energy efficiency, renewable energy, hydrogen, and carbon capture.
This is especially significant for developing economies in Sub-Saharan Africa, Asia, and Small Island Developing States (SIDS). These regions have the opportunity to leapfrog towards green industrialisation by embracing scalable low-carbon technologies and localising value chains. It's a chance to build a more sustainable future, but it requires a strategic approach.
This paper aims to shed light on the strategic importance of industrial decarbonisation, outlining pathways for sustainable industrial growth and proposing a global partnership framework. By fostering inclusive and equitable green transformation across emerging economies, we can ensure that the benefits of decarbonisation are shared fairly and that these economies can thrive while contributing to global climate goals.
Get ready to explore the potential of industrial decarbonisation and discover how a global partnership can make a real difference in the fight against climate change.
