Unlocking Markets: The Power of Green Procurement
The session explores the role of demand-side mechanisms, including public and private procurement, in accelerating green industrialization. Demand-side measures play a critical role in moving from green industrial goals to implementation, supporting early markets for low and near-zero emission industrial materials and chemicals and derisking investment by producers by signalling "if you make it, we will buy it." These measures are particularly important in emerging markets and developing economies (EMDEs), where rapid urbanization and industrial development create both a risk of locking in carbon-intensive infrastructure and production, and an opportunity to leapfrog conventional, high-emission pathways toward greener industrial development.
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