How to ensure the transition label has impact- A joint Climate Bonds & Credit Suisse Whitepaper
- Press Release
Conference 2020 Session, 8th Sep:
A Path Forward For Transition Finance
, Credit Suisse & Sean Kidney
, from Climate Bonds were hosted by Bloomberg television's Francine Lacqua
on the launch session of the new transition framework during the Conference 2020.
This Whitepaper presents a framework for identifying credible transitions aligned with the Paris Agreement
This paper has two purposes:
1. Define transition as a concept by presenting a starting point for the market to see a credible brown to green transition as ambitious, inclusive and aligned with the Paris Agreement (thereby avoiding greenwash).
2. Put forward a framework for use of the transition label in practice and propose clearly demarcated roles for both a green and a transition label.
Financing Credible Transitions: 4 Page Summary Note
Transition flow for entities
Transition flow for activities
Multiple pathways to achieve Paris goals and the SDGs
5 Core Principles
1. In line with 1.5 degree trajectory
2. Established by science
3. Offsets don’t count
4.Technological viability trumps economic competitiveness
5. Action not pledges
A flexible framework applicable to whole entities and everything that they do
An inclusive framework promoting an economy-wide transition
Who should use the transition label and how?