Shifting the financial system

Financial institutions, companies, and governments all have a critical role in the transition to a net-zero economy. To enable them to play this role, we look at the economic and institutional conditions that determine whether the transition is investable, affordable, and politically viable. We work with partners on three main areas:

• Public finance: ensuring public spending supports a fair transition to a net-zero economy, and building international climate finance – including new sources such as solidarity levies.
• Private finance: Encouraging corporations and financial institutions to manage climate risks, develop credible transition plans, and increase financing for the shift to net zero.
• Public policy: Enabling ambitious fiscal policy frameworks to mobilise clean investments, making the case for central banks and financial supervisors to act on the economic risks of climate change, ensuring robust corporate standards and elevating business and insurer voices in public debate.