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How can sustainable and transition finance support the journey to net zero in Asia?
Nov 8, 2022 | 3:00 PM - 4:30 PM
Nov 8, 2022 | 3:00 PM - 4:30 PM
Description
In order to meet the goals of the Paris Agreement, efforts to tackle climate change are underway throughout the world. Asia is a key region when it comes to achieving net zero globally. Asia accounts for half of the world’s GHG emissions, and approximately 85% of the energy consumption there is from fossil fuels, which is projected to double in 2030. Therefore, it is salient, especially in Asia, to develop transition finance approaches and practices.
This event, organised jointly by the OECD and the Ministry of Environment of Japan, will address key practices for and challenges to scaling up transition finance in Asia. Given the need to scale up finance for the climate transition across all sectors globally, an increasing number of initiatives have set out transition finance approaches. These include Japan's Basic Guidelines on Climate Transition Finance, as well as Singapore’s and ASEAN transition taxonomies, among others. To provide a bridge across a range of transition finance and transition plan initiatives and frameworks, and to increase transparency and help avoid greenwashing, the OECD Guidance on Transition Finance presents elements of credible corporate climate transition plans based on analysis, an industry survey and good practices to date. This event will spur action-oriented discussions and knowledge exchange on the latest initiatives and developments in the transition finance space in Asia and will identify priority areas to accelerate progress in the region.
This event will take place live from Sharm El-Sheik and will be livestreamed here on the OECD COP27 Virtual Pavilion.
