Global Matchmaking Platform

About Global Matchmaking Platform:

• It is designed to fast-track the decarbonisation of heavy-emitting industries in emerging and developing economies.
• The idea of the Global Matchmaking Platform was born in December 2023 at the 28th United Nations Climate Change conference (COP28), with the launch of the Climate Club.
• It connects country-specific needs with global technical and financial assistance to reduce emissions in energy and emissions-intensive industrial sectors. 
• It connects countries with a network of delivery partners, offering comprehensive technical and financial support for industrial decarbonization efforts.
  • These partners assist nations in key areas such as policy development, the transfer of innovative technologies, and facilitating investments to drive the transition to zero and low-emission industrial practices including assistance for enhancing the emissions goals.
  • This mechanism allows countries to tailor their decarbonization pathways while streamlining access to guidance and resources provided by partner organizations to achieve deep emissions reductions. 
• The GMP for industry decarbonisation is being built as a support mechanism of the Climate Club, with the secretariat hosted by the UNIDO.
• Its activities are also supported by the Climate Club interim Secretariat jointly hosted by the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA).

Q1: What is Decarbonisation?

It is the reduction of carbon dioxide emissions through the use of low carbon power sources, achieving a lower output of greenhouse gasses into the atmosphere.

News:COP29: Climate Club launches Global Matchmaking Platform for industrial decarbonisation