Delivering the climate transition will cost trillions of dollars, and the costs of climate impacts will only increase. We promote reforms to financial systems to secure the investment needed for mitigation and adaptation.
Reforming national and international financial systems
We recognise the particular challenge of channelling investment to those countries that need it the most, and may be both climate and economically vulnerable. We therefore promote the climate-safe reform of national and multilateral development banks, as well as other international financial institutions. We support the development of sustainable finance reforms and regulations, both in general principles and in their particular application in major financial centres such as the UK and EU. Find out more about our cross-E3G teams for Public Banks & Development, Finance & Resilience.
Stimulating best practice on sustainable investment
Public and development banks deliver trillions in global finance annually. In our Public Bank Climate Tracker Matrix, we track how well development banks align their lending with the Paris Agreement. We host the International Transition Plan Network, which supports the development of private sector transition planning. The ITPN builds on the legacy of the Transition Plan Taskforce, which through its disclosure framework and sector guidance set the gold standard for private sector transition plans to support the climate transition.
