A toolkit of 101 policy levers available to government, regulator, and central bank policy makers to facilitate the transition to net zero
Policymakers must grasp the opportunities inherent in the transition to net zero 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)
The climate transition challenge is encapsulated by 1.5°C. Behind the number is a wealth of clear scientific evidence that shows it is a goal we cannot miss.
To reach 1.5°C society must undergo a transition. The transition will offer technological, industrial, and economic opportunities, but the most important opportunity will be political. The climate challenge offers a political opportunity to steer the real and financial economy towards a green future.
The green transition will bring economic development, energy sovereignty, and job creation.
Investors have been supporting the transition since 2007, and appetite is growing as illustrated by the rapid expansion of the green bond market. By greening development plans and investments, global policymakers can harness this momentum and leverage private capital flows to fund infrastructure and development.
Download the report in full here.
![](https://www.climatebonds.net/files/images/policy/Table-101-Policies.png)
Without rapid climate action, countries will experience a rising cost of capital and stunted growth.
A slow transition will be more expensive than a rapid one. According to the latest research, rapid transition will be economically beneficial due to lower costs of renewable energy technologies compared to fossil fuels without even accounting for avoided costs of climate damages or other climate policy co-benefits.![](https://www.climatebonds.net/files/images/pages/Images/101-rapid-action-needed.png)
Physical climate risk exposure has increased the cost of capital in vulnerable countries, costing the Vulnerable 20 (V20) nations USD62bn in higher external interest payments over 10 years. Transition risks are materialising for the 20 sovereigns with the highest ratio of net fossil fuel exports to GDP. These suffered a median net credit rating downgrade of 1.6 notches 2015-2020 and two defaulted.
Policymakers can ensure a smooth, rapid transition and safeguard development priorities
Despite the narrowing window to meet 1.5°C, maintaining ambition is crucial to limiting climate change as much as possible. Investment can be channelled to transition with many different instruments in all areas of decision making. Awareness of this variety can increase policy ambition.
There is a wealth of policies that can be implemented to direct capital to meet sustainable development needs and deliver climate mitigation and resilience, represented by three pillars:
Contact the team at policy@climatebonds.net to find out more.