Decarbonization requires trust: TÜV SÜD calls for global standards and green finance to close investment gap

TÜV SÜD, a global sustainability service provider with more than 150 years of experience in advancing safety, quality, innovation and sustainability, will contribute its expertise at the Science Summit during Climate Week in New York City. The Summit will focus on how science and business can work together to deliver on the UN Sustainable Development Goals (SDGs).

TÜV SÜD has been at the forefront of sustainability for decades, driving measurable impact through independent assurance, certification, and advisory services in areas such as renewable energy, sustainable infrastructure, and carbon management. This will also be the topic of the keynote speech by Dr. Céline Bilolo, Chief Sustainability Officer at TÜV SÜD, at the closing event at the UN headquarters. More information about her speech can be found here.

Bilolo summarizes “We can overcome the major challenges to creating a better world in line with the SDGs, but this requires overcoming persistent barriers – chief among them, the lack of credible and consistent impact measurement. To close the trust gap and mobilize investment at scale, we need transparent, verifiable and high-integrity data. Emerging technologies such as digital measurement, reporting, and verification (dMRV) offer powerful tools to enhance data reliability and credibility. If implemented effectively, they can catalyze a trusted market that drives ambitious climate action while delivering measurable benefits for investors, communities and ecoystems.”

Financing for climate technology and decarbonization

Achieving net-zero emissions by 2050 requires an estimated annual investment of US$7 trillion to US$9.2 trillion. Yet, financing remains deeply unequal: while capital is available in OECD countries, emerging markets and developing economies (EMDEs) – essential for global industrial growth and where the majority of the global population will live – face significant barriers in accessing climate finance mechanisms.

“The world cannot reach net-zero without emerging economies,” says Bratin Roy, Head of Decarbonization at TÜV SÜD. “But today, trust gaps in financing, regulation, and technology are holding us back. Closing these gaps is not just about money – it’s about building confidence, creating global standards, and accelerating cooperation.”

IRENA Green Finance Report – first key findings to be shared

Roy, who also chairs the Alliance for Industry Decarbonization (AFID) Green Finance Working Group, curated this year’s inaugural International Renewable Energy Agency (IRENA) Green Finance Report, to be published at the COP30 in November. The report outlines practical strategies to overcome the financing barriers facing emerging market and developing economies (EMDEs). During Climate Week, key findings of the report will be shared in advance through panels with the climate finance community. Find more about the panel, Financing Industrial Decarbonization: Building Trust Across Global Value Chains, here.

“With our heritage of trust and our global footprint, TÜV SÜD is uniquely positioned to bridge the gap between capital-rich nations and fast-growing economies,” adds Roy.

“Decarbonization is not a choice – it is a necessity. What the world needs now is trust, cooperation, and effective action.”

TÜV SÜD: Independent expertise for a sustainable future

Founded in 1866, TÜV SÜD has evolved into a global service provider for safety, quality, and sustainability, with around 30,000 employees in over 50 countries.TÜV SÜD supports businesses and governments worldwide in achieving their decarbonization and net-zero goals through independent assurance, certification, and advisory services─from renewable energy and sustainable infrastructure to carbon footprint verification and ESG risk management. TÜV SÜD works with governments, investors, and companies from all industries to bridge the gap between policy, finance, and technology. Its contributions to the Summit will focus on solutions to accelerate decarbonization, drawing on its two decades of experience in carbon management, sustainable infrastructure, and independent assurance.

For more information on TÜV SÜD’s sustainability services, visit: tuvsud.com/en/sustainability-overview

About the Science Summit 

The Science Summit will take place over three weeks in September as a hybrid program and will conclude Climate Week in New York City. The central theme of the Science Summit is to promote collaboration and innovative solutions, as well as to assess progress. Representatives from science and business will discuss ways to achieve the SDGs and the United Nations‘ 2030 Agenda. Further information on the summit can be found here: sciencesummitnyc.org/