New IEA Report Scaling Up Transition Finance

The International Energy Agency (IEA) has issued a new report, ‘Scaling Up Transition Finance’. BwB provided early-stage comments as part of the consultation process, and we appreciate the acknowledgement in the final publication.  The report highlights how transition finance bridges the gap for emissions-intensive and hard-to-abate sectors such as steel, cement, and natural gas, helping them, in the words of the report, to “shift over time towards sustainable practices aligned with long-term climate and development goals”. “Transition finance connects today’s realities with tomorrow’s solutions; it makes climate ambition investable,” says BwB Senior Advisor, Abdeldjellil (djellil) Bouzidi. A link to the report is available in the comments below. How can finance best support emissions-heavy sectors in their efforts to decarbonise?