The Climate Investment Fund (CIF) has introduced a groundbreaking initiative, the $1bn Industry Decarbonization investment programme, which focuses on reducing industrial greenhouse gas emissions in developing nations. The selected countries, including Brazil, Egypt, Mexico, Namibia, South Africa, Türkiye, and Uzbekistan, aim to enhance their economic competitiveness by entering the green industrial goods market. This program, a part of CIF's Clean Technology Fund (CTF), emphasizes the importance of green jobs and the adoption of clean and circular technologies such as green hydrogen, waste heat recovery, and low-carbon materials like steel, aluminum, and cement. By working closely with private sector entities and multilateral development banks, these nations are expected to receive highly concessional funding to support their industrial decarbonization efforts. CIF's CEO highlighted the significance of decarbonizing industry for long-term prosperity and job creation, underlining the role of green industrial inputs in expanding renewable energy capacity and boosting the global economy. Through a focus on workforce protection and retraining, the programme ensures support for vulnerable communities and prepares workers for sustainable job opportunities. The Industry Decarbonization investment programme, with its strong private sector involvement, aligns with CIF's goal of mobilizing private capital for sustainable, inclusive, and resilient development, showing the potential to catalyze substantial financing for green initiatives.