Global Matchmaking Platform

28.11.2024

Global Matchmaking Platform

Why in the news?         

          Recently, the United Nations Industrial Development Organization (UNIDO) and the Climate Club launched the Global Matchmaking Platform (GMP).

About Global Matchmaking Platform:

• It is designed to fast-track the decarbonisation of heavy-emitting industries in emerging and developing economies.
• The idea of the Global Matchmaking Platform was born in December 2023 at the 28th United Nations Climate Change conference (COP28), with the launch of the Climate Club.
• It connects country-specific needs with global technical and financial assistance to reduce emissions in energy and emissions-intensive industrial sectors.
• It connects countries with a network of delivery partners, offering comprehensive technical and financial support for industrial decarbonization efforts.
• These partners assist nations in key areas such as policy development, the transfer of innovative technologies and facilitating investments to drive the transition to zero and low-emission industrial practices including assistance for enhancing the emissions goals.
• This mechanism allows countries to tailor their decarbonization pathways while streamlining access to guidance and resources provided by partner organizations to achieve deep emissions reductions.
• The GMP for industry decarbonisation is being built as a support mechanism of the Climate Club, with the secretariat hosted by the UNIDO.
• Its activities are also supported by the Climate Club interim Secretariat jointly hosted by the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA).

                                                                 Source: Down to earth

With reference to Global Matchmaking Platform, consider the following:

1. It is designed to fast-track the decarbonisation of heavy-emitting industries in emerging and developing economies.

2. It was conceptualized during the 28th United Nations Climate Change conference (COP28).

3. Its secretariat is hosted by the Organisation for Economic Co-operation and Development (OECD).

How many of the above statements are correct?

A.Only one

B.Only two

C.All three

D.None

Answer B