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Power & Diplomacy

Global Push to Decarbonise Steel and Cement Faces Massive Finance Gap: OECD

A new OECD and Climate Club report warns that financial support for decarbonising heavy industries like steel, cement and chemicals in developing economies remains far below what is needed, despite these sectors being among the world’s largest sources of emissions. While international funding and private investment are beginning to rise, the report says much stronger global action and investment in breakthrough technologies such as clean hydrogen and carbon capture are urgently required.

Verified ContextSource-linkedAtlasHour DeskUpdated15 May, 05:24 amAI summary checked for clarity

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A new OECD and Climate Club report warns that financial support for decarbonising heavy industries like steel, cement and chemicals in developing economies remains far below what is needed, despite these sectors being among the world’s largest sources of emissions.

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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