Industrial production will continue to shift to emerging and developing economies, which will contribute to the increase in carbon dioxide emissions. To continue on the path towards net-zero while also increasing economic growth, investments in low-carbon technologies are needed.
The OECD framework questions how to scale up finance from the public and private sector. To implement the framework, countries need to start with an assessment of the industry sector’s interests and priorities considering national circumstances. The identification of financing needs and market barriers must follow and lead to the development of market and financing solutions that are matched with low-carbon projects that can contribute to a net-zero transition.
For the framework to be successful, stakeholder engagement and research on the current status quo of policies and technologies is necessary. This document outlines each step a country needs to undertake to foster the industry's transition towards net zero.