Working Group IV. Transition Finance

Co-chair: DBS, Bank of China

Secretary: Oliver Wyman

GIP Secretariat Liaison: ZHAO Jialin (zhaojl@ifs.net.cn)

Transition finance is crucial in supporting the shift from traditional, carbon-intensive economies to greener, more sustainable models. This shift often involves significant financial challenges due to the complexity, scale, and risk profiles of transitioning industries and technologies. For instance, many industries currently reliant on fossil fuels require substantial investment to transition to green alternatives, which can be a hurdle due to limited financial resources and the inherent risks involved in such a transition.

This working group will focus on identifying and addressing the gaps in financing for transition initiatives. The ultimate goal is to mobilize more private capital into projects that facilitate the shift to a sustainable, low-carbon economy, acknowledging the critical role of transition finance in achieving global sustainability targets.