OECD report: Support for Heavy Industry Decarbonisation in Emerging Markets and Developing Economies

Monday, 10 November 2025 11:07

The OECD has released the key findings from the upcoming report Support for Heavy Industry Decarbonisation in Emerging Markets and Developing Economies (EMDEs). The report – with a focus on the iron and steel, cement, and chemicals industries – is a collaboration between the OECD and the International Energy Agency (IEA). Among other Key Findings, the report explains that: Despite significant growth in recent years, financial and technical...Request free trial

The OECD has released the key findings from the upcoming report Support for Heavy Industry Decarbonisation in Emerging Markets and Developing Economies (EMDEs).

The report – with a focus on the iron and steel, cement, and chemicals industries – is a collaboration between the OECD and the International Energy Agency (IEA).

Among other Key Findings, the report explains that:

Despite significant growth in recent years, financial and technical assistance remains insufficient to put industry in EMDEs on a pathway to net-zero emissions.
Over the next decade, global investment in near-zero emission technologies for cement and steel needs to reach at least USD 500 billion, with roughly three quarters of the investments needed in EMDEs where the bulk of global production is and where demand is growing fastest.
Partnership and co-operation between EMDEs and advanced economies is key to making and implementing these investment decisions. Strong international co-operation can create mutual gains by speeding up the development and adoption of effective solutions for industrial decarbonisation, while fostering shared economic opportunities and strengthening the competitiveness of industries.
Finding the most effective way to combine different sources of finance will be key to unlocking and accelerating investment. The report draws on learnings from 16 case studies that show the implementation of financial instruments.

The report identifies actions for governments to scale up finance including:

Mainstream industry decarbonisation when designing financial and technical assistance programmes.
Design multilateral funds and programmes dedicated to industry decarbonisation.
Target USD 2 billion a year in international public finance to scale near-zero emissions technologies for steel and cement projects across EMDEs by the early 2030s.
Scale up the use of blended finance to mobilise private capital.
Deploy risk mitigation instruments to improve project bankability.

Follow the launch presentation at 14:00 CET today, Monday 10 November, here.