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.26 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.
12 Ministerio de Transporte y Comunicaciones (MTC). Decreto Supremo que crea el Programa Nacional de Transporte Urbano Sostenible. Peru government (2019).
15 Banco del Desarrollo de Perú (COFIDE). Prácticas e instrumentos financieros para promover la descarbonización de la movilidad urbana. (2019).
16COFIDE. KfW y COFIDE firman acuerdo de préstamo por 250 millones de euros para Programa “Covid 19: Programa de Reactivación Verde”. (2020).
17 Organismo Supervisor de Inversión en Energía y Minería (OSINERGMIN)- Perú. La industria del gas natural en el Perú a diez años del Proyecto Camisea. vol. 51 (2017).
18 El Congreso de la República de Perú. LEY No 29969: Ley que dicta disposiciones a fin de promover la masificación del gas natural. El Peruano vol. 23 32 (El Congreso de la Repúblic de Perú, 2012).
19 Government of Peru. Peruvian submission to the UNFCCC under the Copenhagen accord. (2010).
20 Ministerio del Ambiente- Perú. Segundo Informe Bienal de Actualización ante la Convención Marco de las Naciones Unidas sobre el Cambio Climático. (2019).
21 Ministry of Environment of Peru. Programa Bosques del Minam proyecta conservar 10 millones de hectáreas de bosques comunales hacia el 2030. (2020).
22 Climate Action Tracker. Peru: Country Summary. (2020).”:https://climateactiontracker.org/countries/peru/
27 Salas Oblitas, L. Autos híbridos y eléctricos: ¿cómo está el Perú respecto a los países de la región? El Comercio (2020).
28 Government of Peru. Decreto Supremo que crea el Programa Nacional de Transporte Urbano Sostenible. (Ministry of Transport and Communications, 2019).
29 To exclude LULUCF emissions, it was assumed that the percentage of share of mitigation effort in the LULUCF sector is the same as described in the first NDC and this value is subtracted from the absolute value.
30 While global cost-effective pathways assessed by the IPCC Special Report 1.5°C provide useful guidance for an upper-limit of emissions trajectories for developed countries, they underestimate the feasible space for such countries to reach net zero earlier. The current generation of models tend to depend strongly on land-use sinks outside of currently developed countries and include fossil fuel use well beyond the time at which these could be phased out, compared to what is understood from bottom-up approaches. The scientific teams which provide these global pathways constantly improve the technologies represented in their models – and novel CDR technologies are now being included in new studies focused on deep mitigation scenarios meeting the Paris Agreement. A wide assessment database of these new scenarios is not yet available; thus, we rely on available scenarios which focus particularly on BECCS as a net-negative emission technology. Accordingly, we do not yet consider land-sector emissions (LULUCF) and other CDR approaches.