The Industry Decarbonization Program is helping to shift high-emitting industries in developing countries to more sustainable practices and unlocking investments in net zero-carbon, climate-resilient business models and technologies. The program features CIF’s programmatic approach, a predictable and flexible envelope in concessional resources, and encourages direct involvement of the private sector throughout the process.
Boosting first movers
Industry is a leading – and growing – source of greenhouse gas emissions and will be one of the most challenging sectors to decarbonize, requiring a concerted combination of policy, institutional, and market solutions. By 2050, around 60 percent of heavy industry emission reductions will need to come from technologies that are not currently market ready.
Early and accelerated investment in low-carbon and climate-resilient technologies in fast-developing economies will be a game changer. CIF strategically deployed concessional finance is helping to pilot and scale up new technologies and ensuring that developing countries do not get left behind in industrial decarbonization.
The program builds strategic public-private coalitions across multiple levels — industrial facility, technology, corporate, sectoral, and national – to break down investment barriers, spur innovation, prove new technologies, and shift established industry behavior.
News
New Toolkit Supports Funding Applications for CIF’s Industry Decarbonization Program
Oct 24, 2024
See Also
Implementing Partners
