2023
This report incorporates findings from the GFANZ APAC Network’s extensive engagements with financial institutions and policymakers across the region. It provides voluntary guidance and suggestions of practical steps that financial institutions committed to net zero can independently take to credibly support the financing of coal phaseout transactions in the APAC region. Such financing can also be part of financial institutions' transition plans. The report adopts a principles-based approach in assessing coal phaseout plans and should be read alongside global and regional taxonomies and standards by regulators and international standard setters. It should also be read alongside ongoing efforts to enhance the economic viability of managed coal phaseout through blended finance approaches and the use of high-integrity carbon credits.
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