COP28 Executive Panel: Supporting Net-Zero Transition Planning

Open Resource

Year Published

2023

Contributing Organizations

International Monetary Fund (IMF)

Global Affairs Canada (GAC)

Toronto Centre

The Swedish International Development Cooperation Agency (Sida)

Type of Resource

Webinar or Podcast

Languages

English

Relevant Topics

Core Topic

Climate & Transition Finance

Target Audience

All

Relevant Geography

Latin America and the Caribbean

Open Resource

Resource Description

This transcript captures a COP28 executive panel on net-zero transition planning with insights from IOSCO, Banco de México, ISSB, and NGFS. It reviews current practices, challenges, and supervisory approaches.

Why This Matters

Credible transition plans are vital to financial stability, helping prevent greenwashing and guide capital toward climate goals.

Key Insights

Many transition plans remain marketing-focused; regulators call for stronger substance and clarity
Mexico is piloting taxonomies, risk models, and disclosures to build foundations
ISSB’s S1 and S2 require disclosure of transition plans, including assumptions and dependencies
NGFS notes fragmented definitions and stresses governance, strategy, risk, and metrics as core elements
From 2025, plans inconsistent with ISSB-based disclosures risk losing credibility
Supervisors’ role is to ensure reliable data, integrity, and firm-level risk assessment

Secondary File Resources

Secondary Resource Link(s)

Video of Webinar: COP28 Executive Panel: Supporting Net-Zero Transition Planning

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