Analytical Note, 9 November 2026
Green Industrialisation at COP 31 – Prospects and Opportunities
by Danish
Green industrialisation has gained significant momentum in policy discussions in recent years, broadening its focus beyond industrial decarbonisation to include pathways for new green sectors, including manufacturing for green goods and services, and integrating into and moving up their value chains. The COP 31 Presidency has made green industrialisation one of their key priorities. This note discusses the policy initiatives on green industrialisation at COP 31. It highlights the opportunities for developing countries from promoting green industrialisation, such as for increasing their international trade, attracting foreign investment and finance into climate-relevant sectors, beneficiation of natural resources, economic growth, and decent job creation. It concludes by considering how UNFCCC processes and national climate policies can support green industrialisation in developing countries.