United for Net Zero Public Private Collaboration to Accelerate Industry Decarbonization 2025

Net-zero policy coverage in G20 countries FIGURE 4 Industry sector Strategy for material efficiency Support for energy efficiency in industrial production Support scheme for renewablesEnergy reporting and audits Performance and equipment standards Support scheme for CCS Support scheme for fuel switch Incentives to reduce landfill CH4Carbon dioxide removal technology development Incentives to reduce CH4 from fuel exploration and production Incentives to reduce N2O from industrial processes Incentives to reduce fluorinated gases (F-gases) Overarching carbon pricing scheme or emissions limit Energy and other taxesPolicy optionNumber of G20 countries*Change activityEnergy efficiencyRenewables Other low carbonNon-energy 11 16 15 14 13 7 2 1 9 9 3 15 11 10 Very poor Poor Fair Good Very good Countries coverage NA Note: *Including the European Union as a single block Source: Climate Policy Database. Lastly, within existing policy mechanisms, challenges remain in their implementation and practical application: –Geographical discrepancies and lack of harmonization: For emerging and developing economies, preserving economic growth is a competing priority while they are facing pressures to decarbonize.11 –Lack of policy effectiveness: A global evaluation of over 1,500 climate policies implemented between 1998 and 2022 identified only 63 successful policy interventions, reducing total emissions by 0.6 billion tonnes to 1.8 billion tonnes of carbon dioxide (CO2). Key findings highlighted the important role of price-based instruments, such as carbon pricing, and the need for sector-specific approaches tailored to economic development levels (e.g. provide additional funding for SMEs and improve infrastructure for data collection).12 United for Net Zero: Public-Private Collaboration to Accelerate Industry Decarbonization 9