Investing for the Economic Transition: the Case for Whole-of-Government Policy Reform

Year Published

2023

Contributing Organizations

Principles for Responsible Investment (PRI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate Policy & Policy Engagement

Topic 2

Regulations

Topic 3

Taxonomies

Target Audience

All

Relevant Geography

Asia & the Pacific

Europe

Africa

North America

Resource Description

This white paper sets out a whole-of-government framework for policy reform to enable a sustainable and equitable economic transition, with case studies from six markets and guidance for investor engagement.

Why This Matters

Collaborative reform can align finance with sustainability, close policy gaps, and accelerate a just transition.

Key Insights

Defines transition as shifting economies from extractive to sustainable models
Identifies barriers: fragmented reforms, harmful subsidies, and adaptation funding gaps ($46bn vs $435trn needed annually)
Framework calls for transition as a central policy goal, national plans, externality pricing, market incentives, enabling finance, and international cooperation
Reviews of China, EU, Japan, South Africa, UK, and US show partial progress but gaps in financing and social inclusion
Investors can support by promoting whole-of-government approaches, aligning lobbying, and sharing expertise

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