Transition Finance Market Review: call for evidence
This consultation is open for responses
Respond to this consultationSummary
DESNZ launches a call for evidence on transition finance — funding for organisations to decarbonise activities in hard-to-abate sectors. The review will report in summer 2024 and focuses on making the UK attractive for raising capital to support net zero transitions. No specific energy market mechanisms or charges are proposed.
Key facts
- •Review launched January 2024
- •Report due summer 2024
- •Focuses on hard-to-abate sectors
Timeline
Related programmes
Memo
In the Green Finance Strategy 2023 the UK Government announced it would establish a market-led review to explore how the UK can become the best place in the world to raise capital, invest and obtain financial services to facilitate a transition to a net zero future. The Transition Finance Market Review (the Review) was launched in January 2024 and will report to the UK government in Summer 2024. This Call for Evidence is an important step in our work program and the information you provide will inform the Review’s recommendations. 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.