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[IEA] Policy Toolbox for Industrial Decarbonisation |
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About this reportThe Policy Toolbox for Industrial Decarbonisation is a repository of policy instruments available to assist governments as they design, develop and implement their strategies for industrial decarbonisation. This work, undertaken as part of the Climate Club's Work Programme, builds on the policy toolbox outlined in IEA’s 2022 Achieving Net Zero Heavy Industry Sectors in G7 Members report, with the addition of further details on the instruments and considerations for implementation. A robust industrial decarbonisation policy strategy is likely to include multiple different instruments, as governments choose the instruments that are most suited to their individual circumstances and objectives. The report draws on comparative policy analysis to discuss the main considerations and best practices for a wide range of policy instruments, as well as opportunities for international collaboration. It provides examples of relevant policies applied around the world. The Policy Toolbox is divided into three broad areas with nine categories in total that group policy instruments according to their objectives. These broad areas are: Framework fundamentals, including (1) Establishing plans and policies for long-term GHG emissions reductions and (2) Mobilising finance and investment; Targeted actions for specific technologies and strategies, including (3) Managing existing assets and near-term investment, (4) Creating a market for near-zero emissions materials production, (5) Developing technologies, and (6) Accelerating material efficiency and circularity; and Necessary enabling conditions, including (7) International co-operation and a level playing field, (8) Infrastructure planning and development, and (9) Tracking progress and improving data. |
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Sources | IEA |
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