A. Lead Solution: Unlocking Investment in Clean Industrial Projects through Targeted Project and System Interventions
The Industrial Transition Accelerator (ITA) focuses on accelerating the progression of commercially viable clean industrial projects to final investment decision (FID) by identifying and addressing context-specific barriers across national project pipelines. Through deep engagement with project developers and governments, ITA builds a granular understanding of investment constraints and deploys targeted interventions to improve project bankability. Rather than focusing on a single lever, ITA operates across three interconnected dimensions:
- Project-level acceleration: Supporting selected projects to overcome specific bottlenecks along the path to FID (e.g. permitting, offtake, financing, grid access).
- Structural ecosystem improvements: Informing policy, market design and infrastructure decisions based on evidence from the project pipeline.
- Targeted convening and coordination: Bringing together public and private stakeholders to address barriers that require collective action (e.g. access to clean energy, demand signals, financing structures).
This approach enables simultaneous progress at the project-level (progress towards FID) and at system-level (changes that improve investment conditions more broadly).
Key implementation value
- Pipeline-driven, evidence-based interventions: Grounding policy and financial solutions in real project needs and constraints, rather than generic diagnostics.
- Targeted removal of barriers to FID: Addressing a defined subset of critical investment barriers (e.g. revenue uncertainty, access to clean energy, financing gaps) through tailored actions.
- Bridging project and system levels: Linking project-level acceleration with structural reforms (e.g. policy design, market mechanisms, enabling infrastructure).
- Convening for coordinated action: Mobilising governments, industry, and financiers around concrete interventions needed to unlock investment.
Contact (Axis 1) Mission Possible Partnership / Industrial Transition Accelerator
B. Lead Solution: Demand Creation for Clean Industrial Materials through the Climate Club
A central implementation bottleneck for industrial decarbonization is not technology availability but predictable demand. Under Axis 1, the Climate Club presented a concrete pathway to unlock scale through lead markets for low‑carbon and near‑zero steel, cement and concrete. In the run‑up to COP31, the Climate Club will publish a taxonomy of member policy approaches and a progress report focused on demand‑side measures such as public procurement, standards and coordinated policy signals.
This approach helps governments and companies move from pilots to bankable projects by reducing revenue uncertainty for first movers, while making proven policy tools more replicable across countries.
Key implementation value
- Strengthens demand pull rather than relying solely on subsidies
- Enables replication across member countries
- Directly links policy design to real‑economy investment decisions
Contact (Axis 1) OECD / Climate Club
C. Lead Solution: Grid Modernization as the Enabling Infrastructure for Renewable Energy at Scale
International Renewable Energy Agency (IRENA) highlighted five priority areas to address the growing grid gap that is increasingly constraining renewable energy deployment.
Transmission infrastructure must be expanded and accelerated to move electricity from resource-rich generation areas to demand centres. Regional and cross-border interconnection can significantly reduce system costs while improving reliability and flexibility across power markets.
Power system flexibility is also becoming increasingly important. Storage, grid-forming inverters, demand response, digital management tools and updated operational frameworks help electricity systems integrate high shares of variable renewable energy while reducing curtailment and maintaining system stability.
Industrial access to reliable and affordable clean electricity is emerging as another key implementation challenge, particularly as electrification accelerates across manufacturing and heavy industry. Large industrial users increasingly require clean power solutions that can provide reliability, scale and predictable pricing.
Market design and tariff structures are often as important as technology deployment itself. Regulatory frameworks, pricing systems, and cost allocation mechanisms strongly influence whether grid infrastructure can be planned, financed and deployed at the pace required for the energy transition.
Key implementation value
- Five actionable implementation areas spanning transmission, interconnection, flexibility, industrial access and market reform
- System flexibility and regional interconnection as major cost and renewable integration enablers
- Regulatory and tariff reform as critical conditions for scaling grid investment and deployment
Contact (Axis 1) IRENA, GGI
D. Lead Solution: Scaling Clean Power Supply to Enable Economy-Wide Electrification
Electrification is increasingly positioned as a pathway to both energy security and decarbonization, with electricity demand rising across industry, transport, cooling and digital infrastructure. Technologies are commercially proven, investment appetite is growing, and policy signals are becoming more established, yet implementation continues to lag behind projected demand growth. Three enablers consistently emerge:
- Grid capacity and infrastructure readiness, where renewable project pipelines are advancing faster than transmission and distribution expansion.
- Permitting and regulatory processes that delay otherwise viable investments.
- Market design and bankability challenges, including pricing structures, auction design and long-term offtake certainty.
The objective is increasingly to elevate electrification as a priority issue within international energy and climate agendas, recognizing its linkages with the global goals to triple renewable energy capacity, double energy efficiency improvements, and transition away from fossil fuels. Discussions also point toward the need for a more coordinated global ambition on electrification, including proposals to collectively reach 35% electrification of final energy use by 2035, while strengthening coordination between governments, industry and investors across planning, policy and implementation.
Key implementation value
- Proven solutions ready to scale
- Grid modernization as the critical enabler
- Strong political convergence heading into COP31
Contact (Axis 1) Global Renewables Alliance (GRA)
E. Lead Solution: Scaling Offshore Wind through Blended Finance and Policy Certainty
The Global Offshore Wind Alliance (GOWA), a government led multi‑stakeholder alliance co-founded by the governments of Denmark and Colombia, IRENA and the Global Wind Energy Council, brings together 27 governments alongside industry, finance and civil society to accelerate offshore wind deployment globally. GOWA's core function is bridging the gap between ambition and bankability by connecting governments, financial institutions and industry to move national targets into investable projects. In established markets such as Denmark, the UK and the Netherlands, GOWA has seen that when policy certainty and private investment align, deployment accelerates. Its focus now is ensuring emerging markets in Asia Pacific, Latin America and beyond can benefit from those lessons by creating the right financial and policy conditions to scale implementation fairly and at speed, with climate finance, concessional capital and blended finance as key enablers to ensure those markets do not carry a disproportionate cost of capital for delivering global climate goals.
Key implementation value
- Connects governments, financial institutions and industry to convert national offshore wind targets into bankable project pipelines
- Transfers proven policy and market frameworks from established markets to emerging offshore wind nations
- Champions blended and concessional finance to reduce cost of capital in emerging markets and crowd in private investment at scale
Contact (Axis 1) Global Offshore Wind Alliance (GOWA)
