Transition Finance Council: Mid-year progress report

Accelerating the net zero transition requires bold, coordinated action between governments, business, and finance. 

Net zero sectors in the UK are already growing three times faster than the overall economy.  Transition finance - investment that helps high-emitting industries move onto credible decarbonisation paths - is not just about reducing emissions. Done right, it can drive growth, create high-value jobs, stimulate innovation, and strengthen the UK as a global financial leader. To seize this opportunity, the UK must build a trusted, scalable ecosystem that mobilises transition finance at pace and scale.  

The Transition Finance Council, co-launched by the UK Government and the City of London Corporation in February 2025, brings together over 80 senior leaders from finance, industry, policy, and civil society. In its first six months, the Council has delivered strong momentum through technical outputs, strategic stakeholder engagement, and public-private convening. This report provides an overview of the Council’s progress, assesses UK stakeholder progress against the Transition Finance Market Review’s roadmap, and looks at the global outlook for transition finance. 

Key achievements for the Council, highlighted in the report, include publishing draft Transition Finance Guidelines for consultation and a Playbook for scaling transition finance through sector transition plans, hosting more than 35 meetings and workshops, and engaging over 100 domestic and international organisations during London Climate Action Week.