Transition Finance: Making the Concept Work on the Ground

Description

In recent years, emerging economies have been increasingly recognized as critical players in global finance and sustainability efforts. As these nations undergo rapid economic, social, and environmental transitions, there’s a growing imperative to mobilize finance effectively to support sustainable development goals. Kazakhstan, for example, has made some efforts to address these challenges by expanding the current green taxonomy to include gas-based transition projects, as well as demonstrated the first case of a corporate issue of bonds related to sustainable development (sustainability-linked bonds, SLB). Transition finance focusing on supporting industries, financial institutions and economies in their shift towards more sustainable practices and technologies is a critical aspect. This session aims to delve into the practicalities of implementing transition finance strategies and plans to drive real-world change.​