The Managed Phaseout of High-emitting Assets

Year Published

2022

Contributing Organizations

Glasgow Financial Alliance for Net Zero (GFANZ)

Type of Resource

Guidance

Research/Insights Report

Languages

English

Chinese

Japanese

Korean

Relevant Topics

Core Topic

Transition Planning & Implementation Capabilities

Topic 2

Mitigation

Target Audience

Asset Owners

MDBs/DFIs

Governments & Policymakers

Insurers

Private Equity

Relevant Geography

Global

Resource Description

This resource outlines a framework from GFANZ for the managed phaseout of high-emitting assets to support net zero goals. It provides financial institutions with guidance to responsibly retire assets in sectors like coal, balancing climate impact with economic and social considerations.

Why This Matters

Accelerating the retirement of high-emitting assets is critical to achieving climate targets. This framework helps financiers engage in phaseouts that are responsible, transparent, and aligned with net-zero goals.

Key Insights

Defines managed phaseout as a time-bound, climate-aligned retirement of assets, avoiding life extensions or emissions increases
Recommends criteria for credible phaseout plans, including alignment with 15°C pathways and strong governance
Emphasizes just transition principles, especially for affected workers and communities
Identifies roles for public finance, concessional capital, and blended finance in de-risking transitions

Secondary File Resources

Secondary Resource Link(s)

https://www.gfanzero.com/

The Managed Phaseout of High-emitting Assets - (Chinese)

Video: Sectoral Pathways and Managed Phaseout of high-emitting Assets

The Managed Phaseout of High-emitting Assets - (Japanese)

The Managed Phaseout of High-emitting Assets - (Korean)

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