High-Level Plenary: Transition finance, Recovery and Alignment
Oct 12, 2021 | 9:35 AM - 10:45 AM
Oct 12, 2021 | 9:35 AM - 10:45 AM
Description
With only a decade left to reduce emissions drastically, the scale, pace and extent of global transformation needed is truly demanding. As we enter the “decade for delivery”, a whole of economy approach is needed to realise the low-emission transition. This includes focusing not only on upscaling zero and near-zero emitting technologies and businesses but also supporting, to the extent possible, the progressive lowering of emissions in high emitting and hard to abate sectors. In this context, “transition finance” is gaining traction among governments and market participants. This session will aim to discuss how transition finance fits in the sustainable finance landscape as well as the outlook on transition finance instruments such as sustainability-linked loans and bonds. The discussion will also focus on how to solve tensions between the need for flexibility to recognise different country circumstances, and the need to ensure that ‘transition finance’ can drive tangible progress to a well-below 2 degree world.
