How Global Banks See Transition Finance in 2024
COP28 brought a renewed focus on transition finance. Here’s how major banks are looking at the road ahead.
RMI’s Brian O’Hanlon is giving the keynote presentation at GreenFin 2024, the premier event for sustainable finance professionals harnessing the power of capital markets to realize a net-zero economy. GreenFin is hosted by GreenBiz.
In addition to RMI’s keynote presentation, Shravan Bhat, manager for RMI’s Center for Climate-Aligned Finance, is moderating a workshop, “Lessons for Financing Commercial-Scale Clean Industrial Projects.” This panel features KKR, Barclays, and other leaders speaking on the key barriers, opportunities, and approaches to financing first-of-a-kind commercial-scale projects. This workshop provides learnings on how debt and equity investors’ concerns can be addressed to facilitate the flow of capital into clean industrial projects.
COP28 brought a renewed focus on transition finance. Here’s how major banks are looking at the road ahead.
It is our hope and expectation that 2024 can be a catalytic year for transition-related activity in the finance sector, with financial institutions, governments, and corporations all stepping up to contribute to real-economy transition despite potential macroeconomic and geopolitical headwinds.
After analyzing different transition finance frameworks, we outline three key areas of debate that need to be addressed to find a common definition.
A project finance template is taking shape in Swedish steelmaking that could scale to clean industrial hubs around the world.