Global Push to Decarbonise Steel and Cement Faces Massive Finance Gap: OECD
Published on: May 15, 2026, 10:54 a.m. | Source: Devdiscourse
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.
