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Climate change

United Nations • Climate change refers to long-term shifts in temperatures and weather patterns. Human activities have been the main driver of climate change, primarily due to the burning of fossil fuels like coal, oil and gas.
RMI at COP28: Transition Finance: From Transition Plans to Transactions
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2023Dec 15
While a focus on reducing financed emissions has helped drive capital towards low-carbon solutions, ‘transition finance’ is needed to accelerate and account for financing emissions reductions in carbon-intensive companies and sectors with credible transition plans. However, the topic of transition finance faces concerns over greenwashing, carbon lock-in, and a lack of market standardization. To move from plans to transactions at scale, safeguards are necessary to ensure transition capital is deployed credibly. This panel conversation at COP28 in Dubai, recorded on December 6, 2023, shares best practices and reflects on actions outlined in an open letter from global NGOs identifying how to overcome barriers to transition finance, ensure credibility, and achieve real-world impact. More information on speakers and related articles: https://rmi.org/event/transition-fina...

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RMI

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Climate Finance
by RMI