United Nations Industrial Development Organization (UNIDO) & Climate Club launched ‘Global Matchmaking Platform’ (GMP) for industrial decarbonization at COP29. 

• UNIDO is a specialized agency of UNs with a mandate to promote, dynamize & accelerate industrial development.  
• Climate Club is an intergovernmental forum for exchange on accelerating climate action & industry decarbonisation.

About GMP 

• Aim: To boost international climate cooperation & partnerships to enable developing & emerging economies to leap-frog into climate-friendly industrial development.
• Secretariat: GMP is a support mechanism of Climate Club, with secretariat hosted by UNIDO.
• How it works?
  • It connects country-specific needs with global technical & financial assistance to reduce emissions in energy & emissions-intensive industrial sectors. 
  • It’s accessible to all emerging & developing economies.

What is Industrial Decarbonisation? 

• Definition: It’s the process of focusing on energy-efficient & sustainable projects that reduce industries' overall carbon footprint.
• Key Strategies: low-carbon technologies, Decarbonizing End-Use Energy through renewable sources, Carbon Capture, Utilisation, & Storage etc.
• Need: Decarbonizing industrial sector is critical for achieving net-zero emissions by 2050. 
  • Industrial activities alone are responsible for a quarter of global energy systems CO₂ emissions.