How Finance Can Unlock Credible, Robust and Just Transition Plans
This input paper for the G20 Sustainable Finance Working Group (SFWG) assesses real-world just transition...
The financial system must play a central role in delivering just transitions to a net-zero and climate-resilient economy. Significant changes to financial practice are needed, and early-stage experimentation is emerging in public and private finance.
This report seeks to address one dimension of this challenge by illustrating specific financial instruments that are already in place or could be better designed to contribute to the just transition.
The report maps 30 examples of financial instruments being deployed across the fields of public, private, and blended finance, providing a sense of the range of instruments that can and must be creatively leveraged moving forward. All work under the assumption that private sector finance will need to become the primary source for financing transitions to more sustainable economic activities if we are to find the trillions of dollars urgently needed annually by 2030, and 2050 longer-term.
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