Net-Zero pathways for Industry Sectors: Science based targets and Sectoral climate clubs to trigger industrial transformation

Achieving climate neutrality globally requires policies and private sector action that deliberately create transformational change – in and across sectors. The finance industry as well as real economy sectors are increasingly committed to set sector specific targets and set key performance indicators (KPIs) to meet those targets. Basic materials processing industries in particular face the challenge of having to change to reduce their significant emissions, while confronting a highly competitive environment.

Concerning to this, a joint UNFCCC Side Event by Wuppertal Institut, University of Technology Sydney, Ecologic Institute, Climate Analytics and WISE Europa will be held on Thursday, 10 November 2022 at 15:00—16:30 (CEST).

This first part of this event provides insights from the One Earth Climate Model developed by the University of Technology Sydney. It provides insights on appropriate sectoral target setting developed in close cooperation with the Net-Zero Asset Owner Alliance (NZAOA) and the United National Principles Responsible Investments (UN PRI).The second part of the side event discusses how an intergovernmental industry sectoral alliance or sectoral climate club could potentially help overcome the challenges by basic materials processing industries and what would be its main strategies. It brings together insights from analysis being done by the organising partners and particularly the EU-funded research projects NDC Aspects and 4i-TRACTION as well as the project SCI4climate.NRW – and connects it to perspectives by practitioners from different continents.

Find the agenda below.