Summary
The document proposes a framework for 'transition labels' to distinguish genuine low-carbon transition activities from 'greenwashing'. It establishes five core principles for transition pathways: alignment with a 1.5°C trajectory (net-zero by 2050, near-half emissions by 2030), science-based targets, exclusion of carbon offsets, prioritization of technical feasibility over economic competitiveness, and a requirement for concrete metrics over vague commitments. The framework categorizes economic activities into five types: near-zero emission, zero-carbon transition, non-transitionable, temporary transitional, and stranded. It further distinguishes between entity-level transitions (supported by equity, general bonds, and sustainability-linked loans/bonds) and activity-level transitions (supported by asset-backed securities and use-of-proceeds bonds).
Key insights
- The framework establishes five principles for trustworthy transition activities: they must follow a carbon trajectory aligned with 1.5°C (net-zero by 2050 and near-half emissions by 2030), be led by scientific and technical experts, exclude carbon offsets from results, prioritize technically feasible solutions even if they are more expensive, and be based on concrete metrics rather than promises.
- Economic activities are classified into five categories based on their necessity after 2050 and their ability to transition: 'near-zero emission' (already near zero), 'zero-carbon transition' (needed after 2050 with a clear 1.5°C path), 'non-transitionable' (needed after 2050 but no clear 1.5°C path), 'temporary transitional' (needed now but to be phased out by 2050), and 'stranded' (inconsistent with climate goals but have low-carbon alternatives).
Cite the original document
- APA
- Climate Bonds Initiative (2020). 为可信赖的低碳转型活动提供金融支持. https://www.climatebonds.net/files/documents/publications/acc6be00-2e02-468d-84cc-4ab574f7d86d.pdf
- Chicago
- Climate Bonds Initiative. 为可信赖的低碳转型活动提供金融支持. 2020. https://www.climatebonds.net/files/documents/publications/acc6be00-2e02-468d-84cc-4ab574f7d86d.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=为可信赖的低碳转型活动提供金融支持 |date=September 2020 |url=https://www.climatebonds.net/files/documents/publications/acc6be00-2e02-468d-84cc-4ab574f7d86d.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2020, author = {{Climate Bonds Initiative}}, title = {{为可信赖的低碳转型活动提供金融支持}}, institution = {Climate Bonds Initiative}, year = {2020}, month = sep, url = {https://www.climatebonds.net/files/documents/publications/acc6be00-2e02-468d-84cc-4ab574f7d86d.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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