This report was produced by the OECD Environment Directorate, directed by Jo Tyndall, in the Finance, Investment and Global Relations Division, led by Krzysztof Michalak, Acting Head of Division.
The report was authored by Elia Trippel and Valentina Bellesi, under the guidance and supervision of Robert Youngman. The authors would like to thank Elvira Berrueta-Imaz and Jonathan Wright for administrative support as well as Sama Al Taher Cucci, Beth Del Bourgo and Alessandro Horacher for communications.
In undertaking this analysis, the authors consulted a wide range of experts from governments, financial institutions, academia and think tanks. This report benefited from written comments, feedback, and suggestions by:
An informal reflection group (IRG) on transition finance, set up and facilitated by the OECD Secretariat. The IRG includes representatives of the following institutions: the Bank of Canada; the Bank of England; the Directorate-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission; the Financial Conduct Authority of the United Kingdom; the Financial Services Authority of Indonesia; the Financial Services Agency of Japan; His Majesty’s Treasury; the International Platform on Sustainable Finance; the Ministry of Economy, Trade and Industry of Japan; the Ministry of Environment of Japan; the Monetary Authority of Singapore; the Permanent Delegation of Korea to the OECD; the Securities and Exchange Board of India; the South African Reserve Bank; the State Secretariat for International Financial Matters of Switzerland; the Sustainable Finance Institute Asia, as host of the ASEAN Taxonomy Board; and the United States Department of the Treasury.
OECD experts: Joseph Cordonnier, Lylah Davies, Jane Ellis, Raphaël Jachnik, Michael Mullan, Jolien Noels, Deger Saygin, (Environment Directorate); Alissa Krüger (Development Co-operation Directorate); Catriona Marshall (Directorate for Financial and Enterprise Affairs); Cécile Seguineaud (Directorate for Science, Technology and Innovation); and Lahra Liberti, Will Macpherson, and Elliot Smith (Development Centre).
External stakeholders: Miguel Almeida, Rachel Hemingway, Sabine Laurent, and Zofia Wetmańska (Climate Bonds Initiative); Russel Bishop (EBRD); Pietro Cesaro (E3G); Tomo Ishikawa (MUFG Bank); Jochen Krimphoff and Antoine Pugliese (WWF); Gireesh Shrimali (Oxford Sustainable Finance Group and Secretariat for the UK Transition Plan Taskforce); and Eugene Wong (Sustainable Finance Institute Asia).
The authors are grateful to all reviewers for their expert insights and feedback.