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High-Level Plenary: The Way forward for Transition Finance - Launch of the OECD Guidance on Transition Finance
To meet the temperature goals of the Paris Agreement, decarbonisation measures will need to be financed across all sectors of the economy and most importantly in energy-intensive and hard-to-abate sectors, and in particular in emerging markets and developing economies. As governments and the private sector are ramping up their net zero pledges and developing transition finance approaches, robust corporate transition plans and strategies will be crucial to ensure a credible and meaningful transition towards net zero. Building on recent OECD work on transition finance, this high-level plenary will bring together influential actors to discuss key priorities and policy measures urgently needed to incentivise action to shift financing towards climate and environmental policy objectives in hard-to-abate sectors.
