Transition Finance Council: Year-end progress report

In its first year, the Transition Finance Council (TFC) has delivered strong momentum through technical outputs, strategic stakeholder engagement, and public-private convening. This year-end report provides an overview of the progress made by the TFC, and the progress made by UK stakeholders against the Transition Finance Market Review recommendations. It underscores the need for bold, coordinated action to seize opportunities for growth, innovation, and increased finance flows for the transition.

Key achievements for the Council, highlighted in the report, include:

• Publishing the exposure draft of the Transition Finance Guidelines & Implementation Handbook, the product of two market consultations.
• Publishing Playbook for scaling transition finance through sector transition plans, as well as a roadmap to scaling-up investment in Long-Duration Energy Storage (LDES).
• Publishing four policy briefs, designed to address barriers to the flow of transition finance.
• Engaging with over 100 domestic and international organisations.
• Hosting 6 Strategic Steering Group meetings, 27 Working Group meetings, and over 40 stakeholder workshops.

Next Steps

Moving forward, the Council’s focus will shift from framework development to implementation and global engagement, structured around three priority themes:

• Internationalisation and Alignment, positioning the Transition Finance Guidelines as a globally recognised reference point;
• Industry Road-Testing and Domestic Adoption, supporting UK and international financial institutions and corporates to apply the Guidelines in real-world financing decisions; and
• Market Development and Instruments, catalysing investment by working with industry to advance transition-aligned market instruments.