Industries account for around a quarter of global greenhouse gas (GHG) emissions annually, according to the Intergovernmental Panel on Climate Change (IPCC)’s analysis in the Climate Change 2023 Synthesis Report. With global efforts intensifying to curb emissions, transforming industrial processes is no longer optional – it is essential for meeting the goals of the 2015 Paris Agreement.
Recognising this urgency, the Mitigation Action Facility (MAF) has made the industry sector one of its three key priority sectors. Currently, we are supporting eight projects aimed at reducing industrial emissions and two cross-sectoral projects that involve an industry focus, from facilitating the widespread use of green steel in India and South Africa to promoting sustainable practices in Brazil and Vietnam. Projects targeting the industry sector account for 23% of our active portfolio.
At the MAF, we are committed to expanding access to technical knowledge on industrial decarbonisation. In October 2024, we hosted an Industry Sector Workshop in Berlin which brought together industry experts, implementation partners, and our own TSU advisors to discuss ways forward in decarbonising the hard-to-abate industrial sub-sectors: cement, chemicals, and steel – by examining challenges, opportunities, and technological solutions in various country contexts within the MAF portfolio. The video underscores that these three sectors alone account for 18% of GHG emissions worldwide, reinforcing the importance of the MAF’s strategic focus.
