Can we break new ground accelerating the energy transition? Can the public and private sectors help depoliticize the issue, move beyond talk, and coalesce around concrete action? I would argue that the answers are a resounding “yes”. A critical path forward to achieve these goals is through transition finance.

Transition finance – new solutions to fund the energy transition to help remediate climate change – is something that all stakeholders can get behind. Done correctly, transition finance can potentially: a) enable a true shift toward decarbonization; b) enable the private sector to generate sufficient returns; c) support the public sector, which cannot fund this effort alone; and d) embrace, rather than ostracize, carbon-heavy industries and economies. In the case of the latter, this allows current high-emitters to participate and share much-needed institutional knowledge while decarbonizing their businesses and promoting economic growth and employment during the period of the transition. Let us examine each of those points in turn.

https://www.weforum.org/agenda/2023/01/davos23-transition-finance-decarbonization/