Accelerating the Decarbonization of Heavy Industry in Latin America and the Caribbean: Introductory Note

Year Published

2023

Contributing Organizations

Inter-American Development Bank (IDB)

IDB Invest

Type of Resource

Research/Insights Report

Languages

Spanish

Relevant Topics

Core Topic

Materials & Manufacturing

Topic 2

Mitigation

Target Audience

Governments & Policymakers

Banks

Real Economy Corporates

Relevant Geography

Latin America and the Caribbean

Resource Description

This resource outlines decarbonization pathways for the heavy industry sector in Latin America and the Caribbean, focusing on steel, aluminum, cement, and pulp and paper.

Why This Matters

Heavy industry is a major contributor to regional emissions, but also central to economic development. This resource highlights how LAC can align industrial growth with climate goals through targeted technologies, supportive policies, and strategic financing.

Key Insights

Describes current production practices and emission sources across key industrial sectors
Presents decarbonization options including green hydrogen, CCUS, renewable electricity, recycling, and energy efficiency
Recommends collaborative policy action through national strategies, regulation, investment incentives, technical training, and blended finance
Emphasizes the role of industrial clusters and cross-sector collaboration to scale solutions and manage risks

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