GENEVA, Oct 28 2026 (IPS) - Governments today face an extraordinarily difficult set of tasks: cutting emissions, protecting nature, reducing pollution, creating jobs, strengthening economies, and improving people’s health, all while public finances remain under pressure.

Chemicals sit at the centre of many of those tasks. They are essential to almost every economy and embedded in more than 95 per cent of manufactured goods. An estimated 40,000 to 60,000 industrial chemicals are in commerce globally, moving through increasingly complex supply chains and into billions of products used every day.

For much of my career, I have worked at the intersection of industry, the economy, and the environment. One lesson has become increasingly clear to me over the decades: the greatest gains come when chemical safety is built into economic and industrial decisions from the outset, rather than addressed only after harm has occurred. The global construction sector makes this particularly clear; chemicals and materials selected today can remain in buildings for decades. Safer choices at the design stage can prevent risks that otherwise become costly and difficult to manage decades later.

At the first International Conference of the Global Framework on Chemicals, taking place in Geneva this November, this lesson will come to the fore as governments, industry, workers, scientists, and civil society, including NGOs, consider how to accelerate implementation across the full life cycle of chemicals and products through sectors where change can happen at scale.

This matters because managing chemicals one substance at a time – while essential in some cases – cannot be the full strategy.

Agriculture offers a clear example. Under the Framework, stakeholders have committed to take effective measures by 2035 to phase out highly hazardous pesticides where risks remain unmanaged, and where safer and affordable alternatives are available. A new Global Alliance on Highly Hazardous Pesticides aims to turn that commitment into coordinated action, while projects supported by the Global Framework on Chemicals Fund are already helping farmers in East and West Africa move towards safer approaches.

Textiles offer another example. Argentina is testing a digital product information system that allows chemical information to move with products through the value chain. That kind of transparency can help businesses identify hazardous inputs, exposure risks, the liability that can come with that, and then choose safer alternatives and determine whether fabrics can be safely used, reused or recycled.

Exposure risks cannot be separated from the economic systems in which chemicals are used. This is also why chemicals policy cannot be driven by single ministries. Agriculture, environment, industry, health, labour, trade, and fiscal policies all influence which chemicals are used, how products are made, traded, and whether safer alternatives can compete.

The objective is not more bureaucracy. It is greater coherence in which multiple, often competing objectives across sectors, can be discussed together to find solutions that work.

Governments have a particularly important role to play in creating the conditions in which better solutions can compete and scale. Clear regulation can give businesses confidence to invest in safer alternatives. Better information can move through supply chains. Industrial and fiscal policies can support cleaner production, while chemical safety and the safety of the sectors in which chemicals are used—from agriculture, to construction, to electronics, and textiles-can be considered alongside circularity, competitiveness, jobs, and health from the outset.

The economic case for doing so is strong. The global chemicals market was valued at roughly US$5 trillion in 2017 and projected to double by 2030. A 2023 study estimated that lead exposure alone was associated with trillions of dollars in global economic losses in 2019.

Countries building industries today also have an opportunity to avoid the costly legacies inherited by economies that industrialized first as they can leapfrog to clean, prosperous economies without having to go through an era comprising pollution, health and environment impacts, and clean up. Strong institutions, modern chemicals legislation, safer technologies, and green and sustainable chemistry can help countries build competitive industries without locking in the same liabilities.

Finance, of course, is the engine of implementation. Incentivizing industries towards safer chemicals, safer products and production practices, strengthening national chemicals management systems, and scaling safer alternatives all require investment. The way in which public finances can leverage private investment, the type of fiscal policy that incentivizes these investments, and the right enabling regulatory environment, can make this journey viable. Unlocking domestic resources in this way, coupled with funding from financing mechanisms such as the Global Environment Facility and the Global Framework on Chemicals Fund and private investment all have a role.

The challenge is therefore bigger than only managing a longer and longer list of harmful chemicals. It is to make chemical and product safety part of how whole sectors grow, innovate, and compete.

If we can get that right, safer chemistry can become part of how stronger economies are built, with safety built in from the start for people and planet.

Sheila Aggarwal-Khan is Director of the UNEP Industry & Economy Division

IPS UN Bureau