Transitioning to a zero-carbon economy remains one of the greatest challenges facing the planet, critical to ensuring we hit international targets to tackle climate change and save the natural world from irreversable degradation.
Finance has a huge role to play in this challenge. The green label is well-established and is the foundation of a climate-concious market that has been soaring in recent years. However, a serious-shot at transtition of a global economy will require efforts from all sectors, and the green label alone leaves the sustainable debt market too exclusive. Finance needs to also be targeted at higher-emmission sectors that can be steered into green future.
Climate Bonds Inititiative has been working to cultivate principles for a transition market since the release of the Financing Credible Transition Paper in September 2020. Reaching clear definitions on Transition Finance that are ambitious, inclusive and felxible will mobilise finance to support the campaign for a net-zero future in accordance with international targets.
As one of the world's largest economies, China's transition to a low carbon economy is pivotal in the fight against climate change and how the country manages this is sure to have global implications. Having recently outlined the 14th five year plan and further long-term targets for emmissions reductions, this discussion marks an opportunity to embed transition discourse in the developing national context.
There is urgency for the national governments and markets to move away from reliance on emmission-intensive activities, such as coal-power generation, this webinar on transition finance will support the discussion on how a transition label can be utilised to this end and other developments for climate action.
Join us for an informative discussion with guest speakers on the opportunity that Transition Finance poses for the new green economy.