Comprensión de los mecanismos que facilitan la transición en las taxonomías

The report analyzes the role of taxonomies in climate transition finance, identifying six specific mechanisms used to define and evaluate transitional activities. It examines different taxonomy archetypes—binary, traffic-light, and mixed—and provides case studies from the EU, Australia, Singapore, Rwanda, China, and others to illustrate how these mechanisms are integrated to ensure credible decarbonization pathways.

• Taxonomies are categorized into four general archetypes: Binary (aligned or not aligned), Traffic-light (typically green, amber, and red), Mixed (combining binary and traffic-light elements), and Independent (focused specifically on rapid decarbonization, currently being developed by China).
• The EU Taxonomy defines transitional activities as those for which there are no 'technologically and economically viable low-carbon alternatives'. To qualify as a substantial contributor to climate mitigation, these activities must have emissions significantly lower than the sector average, not hinder low-carbon alternatives, and not lead to asset lock-in.
• The Australian Sustainable Finance Taxonomy focuses on emission-intensive activities that have a 'stable or growing long-term role' in Australia's transition. It utilizes 'decarbonization measures'—specific technologies or processes—to help existing assets move toward a 1.5°C pathway, though these measures do not make the entire activity 'green'.
• The Singapore-Asia Taxonomy employs a traffic-light system and introduces 'amber measures'. These are transition components (technologies or processes) that may not be sufficient on their own but are necessary for substantial emission reductions, allowing for the recognition of partial improvements.
• Forward-looking criteria provide thresholds and pathways from the start, reducing regulatory uncertainty and allowing entities to plan long-term investments. Examples include Rwanda's cement production criteria and Australia's lithium mining thresholds, which decrease annually toward 2050.
• The 'shading' mechanism uses multiple levels of ambition (e.g., beginner, intermediate, advanced) to be inclusive of users at different maturity stages. However, it carries a higher risk of greenwashing if not combined with clear expiry dates or forward-looking guidance.
• Expiry dates and phase-out guidelines are essential for managing the retirement of assets incompatible with long-term goals, such as coal-fired power plants. These provide visibility to avoid disruptive transitions and prevent permanent 'transition' status for high-emission activities.
• Requiring a transition plan ensures that individual activity or measure investments are part of a broader, strategic decarbonization effort at the entity level, rather than isolated actions.

APA

Boulle, B., & Rolla, I. P. (n.d.). Comprensión de los mecanismos que facilitan la transición en las taxonomías. Climate Bonds Initiative. https://www.climatebonds.net/files/documents/publications/Transition-in-Taxonomies_SP.pdf

Chicago

Boulle, Bridget, and Isabella Piuzana Rolla. Comprensión de los mecanismos que facilitan la transición en las taxonomías. Climate Bonds Initiative, n.d. https://www.climatebonds.net/files/documents/publications/Transition-in-Taxonomies_SP.pdf.

Wikipedia

{{cite report |last1=Boulle |first1=Bridget |last2=Rolla |first2=Isabella Piuzana |title=Comprensión de los mecanismos que facilitan la transición en las taxonomías |publisher=Climate Bonds Initiative |url=https://www.climatebonds.net/files/documents/publications/Transition-in-Taxonomies_SP.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{boullendcomprensin, author = {Boulle, Bridget and Rolla, Isabella Piuzana}, title = {{Comprensión de los mecanismos que facilitan la transición en las taxonomías}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/Transition-in-Taxonomies_SP.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }