This report, produced in conjunction with the World Bank, outlines a $1.7 trillion clean industrial investment opportunity in East Asia and a comprehensive roadmap on how to achieve the transition to clean industry focused on China, Indonesia, and Viet Nam. It covers all industrial subsectors and identifies the most promising technologies to cut climate pollution from each one. It models numerous metrics associated with the transition to clean industry, including energy costs, equipment (capital) costs, energy use, emissions, and more.
Policy recommendations to decarbonize East Asia industry include:
- Energy: Ensuring industrial firms have sufficient and cost-competitive clean electricity
- Finance: Ensuring incentives and financing are adequate and properly targeted
- Technology: Ensuring clean industrial technology is commercialized and locally available, and
- Jobs: Ensuring a skilled and robust workforce
Transforming manufacturing creates economic opportunities including the potential to achieve technological innovation and strengthen domestic economies through smart investments in modern, efficient industrial processes. If just these three countries used this strategy, they would reduce emissions by around 6 billion tonnes of carbon dioxide equivalent per year, about 16 percent of the world’s climate pollution in 2023.
