Title page 1

Contents 5

Acknowledgements 4

Abbreviations and acronyms 8

1. Introduction 10

Global co-operation to support industrial transformation is accelerating 10

Despite progress, assistance for industry decarbonisation remains far below what is required 11

From Mapping to action: Strategic priorities to scale up international assistance for industry decarbonisation 12

2. Scaling up finance for industrial transformation: Sustaining the momentum 14

What is at stake? 14

Contribution of the Mapping to the Climate Club Work Programme and to international dialogue 15

Scope and objective of the Mapping update 16

3. Public bilateral and multilateral assistance for industry decarbonisation in EMDEs: What has been provided so far? 18

Leveraging the OECD DAC/CRS data for an evidence-based approach 18

Mitigation-related development finance for steel, cement and chemicals sectors: An overview 19

Wrapping up on key takeaways from the Mapping update 27

4. Assistance from funds and IFIs for industry decarbonisation in EMDEs: An overview of existing channels 28

Key findings from the Climate Funds Explorer (NDC Partnership) 28

Review of industry decarbonisation coverage in some selected IFIs and funds 30

Insights from interviews with selected IFIs and funds 34

Wrapping up on key takeaways from the Mapping update 37

5. Private finance mobilised for industry decarbonisation in EMDEs 38

Gaining insights through OECD data on private finance mobilised by official development finance interventions 38

Focus on the steel, cement and chemicals sectors 39

Wrapping up on key takeaways from the Mapping update 43

6. Overview of funding by philanthropies for industry decarbonisation 45

Assistance by philanthropies for industry decarbonisation: Where do we stand? 45

A deep dive into philanthropic grant portfolios 47

Wrapping up on key takeaways from the Mapping update 50

7. Conclusions 51

Synthesis of emerging trends 51

Key areas for action and perspectives 53

Annex A. Public assistance for industry decarbonisation in EMDEs: Assessing the state of play 55

Scope of analysis 55

Which sources can inform about financial assistance for industry decarbonisation in EMDEs? 56

Annex B. Analysis of funds, IFIs and philanthropies 59

References 76

Notes 80

Table 3.1. Cumulative public bilateral and multilateral mitigation-related development finance between 2000 and 2023 - Main characteristics... 26

Figure 3.1. Cumulative public bilateral and multilateral mitigation-related development finance for cross-cutting industry category and... 20

Figure 3.2. Cumulative public bilateral and multilateral mitigation-related development finance for the steel, cement and chemicals sectors... 21

Figure 3.3. Cumulative public bilateral and multilateral mitigation-related development finance for the steel, cement and chemicals sectors... 22

Figure 3.4. Cumulative public bilateral and multilateral mitigation-related development finance for the steel, cement and chemicals sectors... 23

Figure 3.5. Cumulative public bilateral and multilateral mitigation-related development finance for the steel, cement and chemicals sectors... 24

Figure 3.6. Cumulative public bilateral and multilateral mitigation-related development finance for the steel, cement and chemicals sectors... 25

Figure 4.1. Sectoral focus of funds from the Climate Funds Explorer which could support industry decarbonisation 30

Figure 5.1. Cumulative [2012-2023] mitigation-related private finance mobilised for cross-cutting industry and steel, cement, and chemicals sectors 39

Figure 5.2. Cumulative mitigation-related private finance mobilised for the steel, cement and chemicals sectors - Types of providers 41

Figure 5.3. Cumulative mitigation-related private finance mobilised for the steel, cement and chemicals sectors - Types of leveraging mechanisms 42

Figure 5.4. Cumulative mitigation-related private finance mobilised for the steel, cement and chemicals sectors - Recipient countries 43

Figure 6.1. Sectoral distribution of private philanthropy, 2018-20 average, USD million, 2020 46

Figure 6.2. Philanthropic Financial Flows and The Chain of Actors that Receive Grants 48

Boxes 7

Box 4.1. CIF Industry Decarbonization Program 33

Box 5.1. The role of catalytic technical assistance 44

Box 6.1. Detailed review of philanthropic portfolios targeting industry decarbonisation 49

Table A A.1. Assessment of selected data sources and analyses in terms of scope and data availability 57

Table A B.1. List of relevant funds for industry decarbonisation projects from the Climate Funds Explorer (NDC Partnership) 59

Table A B.2. Coverage of industry decarbonisation projects and programmes in some selected IFIs 63

Table A B.3. List of all identified philanthropic grants 66

Table A B.4. List of international financial institutions and funds interviewed for the Mapping update 75

Figure A A.1. Scope of the mapping of public financial assistance 55