Industrial Decarbonisation Hub: flagship deliverables (published 16 November 2024)
Updated 16 November 2024
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On 16 November 2024, the UK Climate Minister Kerry McCarthy met with Brazil’s Secretary of Green Economy Rodrigo Rollemberg, to announce the Brazil Industrial Decarbonisation Hub (ID Hub) flagship deliverables in the lead-up to COP30. The leaders met at the UK’s ‘Scaling Up Industrial Decarbonisation Assistance’ COP29 event in Baku, Azerbaijan, where they committed to strengthening the UK and Brazil’s partnership to deliver on an ambitious agenda
The two representatives welcomed the progress made on the ID Hub since its launch last year, working alongside the United Nations Industrial Development Organization (UNIDO) to identify opportunities to accelerate industrial decarbonisation whilst fostering Brazilian innovation, productivity and competitiveness.
The announcement was made in the context of a growing number of programmes designed to support emerging economies decarbonise industrial sectors, including the UK’s Clean Energy Innovation Facility (CEIF) and Partnership for Net Zero, designed to support the development of innovative projects, and the UK-backed Climate Investment Funds (CIF) Industry Decarbonisation Programme – the world’s first large-scale concessional finance programme to dedicated to industrial decarbonisation.
Drawing on these programmes and other international assistance providers, the ID Hub’s flagship deliverables will seek to support Brazil’s enabling environment, catalyse innovation, and develop a pipeline of industrial decarbonisation projects throughout Brazil.
Key deliverables announced included:
- mobilising assistance to support the development of Brazil’s industrial decarbonisation policies
- the development of an Industry Technology Incubator to match Brazilian and worldwide innovators through pilot projects and partnerships
- the intention to launch an Industrial Cluster Twinning Initiative to bring together best in class expertise through cluster partnerships
The announcement preceded a forthcoming commitment from the United Kingdom and Germany during the upcoming second week of COP29 to strengthen and scale the provision of political, technical and financial assistance to accelerate industrial decarbonisation globally, with a joint pledge of over $400 million for Emerging Markets and Developing Economies.
Minister McCarthy underlined the importance of the ID Hub continuing to maximise complementarity and coherence of international assistance offers – a key vision of the initiative – noting that Brazil and the UK are pioneering a new model of coordinating and mobilising assistance more effectively to support the Global South.