Transition Finance Market Review
The City of London Corporation proudly supports the Transition Finance Market Review (TFMR), launched in January 2024 to explore how the UK can establish itself as a global hub for transition finance.
The Transition Finance Market Review is an independent Review led by Vanessa Havard-Williams, supported by a panel of advisors and a secretariat. The Review was commissioned by Treasury Lords Minister Baroness Vere and Department for Energy Security and Net Zero Minister Lord Callanan, following the 2023 Green Finance Strategy.
Purpose of the Review
TFMR’s focus is on how the UK can leverage its existing strengths to become the best place in the world to raise credibly transition capital, invest and obtain financial and professional services to support a net zero future.
Defining Transition Finance
At the heart of this review is the concept of transition finance, which can be described as finance that supports an organisation to credibly decarbonise its activities, respond to any climate-related risks and opportunities, and to contribute to a global and economy-wide net zero transition. TFMR will focus primarily on the challenges specific to financing a credible net zero transition in hard to abate and high emitting areas of the global economy.
Call for Evidence
The Review is seeking input from companies of all sizes – particularly those in high emitting, hard to abate sectors – and from investors and financial institutions, public and international bodies and from professional services: consultants, law firms, accountants, through to ratings agencies, data or analytics providers, standard setters and civil society. Click the link below if you would like to respond to the Call for Evidence.