Taking stock of transition finance approaches (Part I)
Oct 12, 2021 | 11:15 AM - 12:15 PM
Oct 12, 2021 | 11:15 AM - 12:15 PM
Description
The imperative to transform our economic model is stronger than ever today. With less than a decade to withhold global mean temperature rise, it is important to focus on low-carbonising hard-to-abate sectors alongside upscaling green technology. In this context ‘transition finance’ is gaining traction with both policymakers as well as the market. This session, first of a two part segment, will discuss select emerging normative approaches (taxonomies and standards) and financial instruments geared to channel more capital to support low-carbonising hard-to-abate sectors. The session will focus on the rationale underpinning the normative approaches, characteristics of transition instruments and outstanding challenges to align investments with the Paris Agreement. Discussions will be informed by new OECD analysis on divergences, commonalities and considerations for coherent market development.
