The industry sector contributes 13% of Peru’s GDP (2016) and has therefore an important role in the national economy. Emissions from industrial processes were 3% of Peru’s total emissions in 2016. The sector’s emissions come mainly from the construction sector, primarily the mineral industry with cement and lime production, followed by a small percentage of emissions coming from the production of chemicals and metals. The recently approved National Industry Policy aims to boost industrial development in the country and seeks to increase its contribution to the economy by 2030. Main measures include the promotion of technology improvements and productivity, and financial incentives.
Electricity accounted for more than 40% of industrial energy consumption in 2019. Under 1.5°C compatible pathways, the share of electricity increases to up to 53% by 2030 and over 80% in 2050. The sector could reach full decarbonisation between 2035 and 2037.