February 13, 2025

Global Matchmaking Platform

Current Context : Recently, the United Nations Industrial Development Organization (UNIDO) and the Climate Club launched the Global Matchmaking Platform (GMP)

About Global Matchmaking Platform:

  • Purpose: Supports decarbonization of high-emission industries in emerging and developing economies.
  • Launch: Introduced at COP28 (2023) by UNIDO and the Climate Club; further discussed at COP29 (2024).

Mechanism:

  • Matches country-specific decarbonization needs with technical and financial resources.
  • Focuses on sectors like steel, cement, and chemicals, targeting low and zero-emission practices.

Structure:

  • Hosted by UNIDO with support from OECD and IEA as Climate Club interim secretariat.
  • Funded by initiatives like Germany’s Federal Ministry for Economic Affairs and Climate Action.

Goals:

  • Address $125 billion annual funding gap for net-zero by 2050.
  • Promote inclusion of industrial decarbonization in updated Nationally Determined Contributions (NDCs).

Current Projects:

  • Pilot initiatives in countries like Argentina, Indonesia, Kenya, and Egypt.
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