TRANSITION FINANCE: THE TIP OF THE SPEAR
While finance commitments have been prominent in past COPs, transition capital for challenging-to-abate and carbon-intensive sectors falls short of climate demands. Barriers include unclear policies, societal distrust, and a lack of clear definitions for transition finance. RMI's Center for Climate Finance aims to establish a consensus definition through an open letter signed by NGOs. This discussion, featuring executives from global banks like JP Morgan Chase and Barclays, seeks to address barriers and accelerate the decarbonization of challenging industries. Insights shared aim to drive consensus, enhance credibility, and have a tangible impact on the transition to a low-carbon economy.