Comprensión de los mecanismos que facilitan la transición en las taxonomías

This report by the Climate Bonds Initiative analyzes how financial taxonomies can facilitate the transition to net-zero emissions by 2050, particularly for hard-to-abate sectors. It introduces six 'transition mechanisms'—including forward-looking criteria, expiry dates, and transition plan requirements—to help developers create credible benchmarks. Through case studies of the EU, China, and Australia, the report illustrates different taxonomy archetypes (binary, traffic-light, and mixed) and emphasizes the need to integrate these technical tools with broader national climate policies and science-based pathways.

• The report identifies six 'taxonomy transition mechanisms' used to evaluate and facilitate the gradual transition of economic activities toward net-zero emissions. These mechanisms include the review of criteria over time, forward-looking criteria, shading, measures, expiry dates or phase-out guidelines, and the requirement of a transition plan.
• Transition finance is intended to direct capital toward sectors and entities that require substantial investment to decarbonize, particularly 'hard-to-abate' sectors that face significant economic and technological barriers to reaching net-zero emissions.
• Taxonomies support the transition through three critical levers: scaling climate solutions (e.g., renewable energy), rapid decarbonization of carbon-intensive activities that must persist until 2050 (e.g., agriculture, manufacturing), and the phase-out of high-emitting activities for which low-carbon alternatives exist.
• The report distinguishes between different levels of transition: the economy level (systemic shift supported by public policy), the entity level (decarbonization of goods and services via transition plans), the activity level (decarbonization of specific economic activities), and the measure level (specific technologies or processes applied to an activity).
• In the European Union, activities that lack a technologically or economically viable low-carbon alternative are labeled as 'transitional' within the EU Taxonomy. These can be included in green bonds under the EU Green Bond Standard, although there is no separate labeling for transition instruments.
• China's 2025 update to its green taxonomy incorporates transitional activities by drawing on the National Development and Reform Commission's (NDRC) 2024 Guidance Catalogue for Green and Low-Carbon Transition Industry. This approach is characterized as a binary taxonomy based on an approval/rejection system.
• The Australian Sustainable Finance Taxonomy utilizes a mixed model, combining binary and traffic-light approaches. It includes 'decarbonization measures' to help entities access financing for existing long-life assets, though these measures align capital expenditures (capex) and operating expenditures (opex) rather than qualifying the entire activity as green.
• The report emphasizes that taxonomies are not standalone solutions but must be integrated with complementary policies, such as national determined contributions (NDCs), green sovereign bond issuances, and environmental tax reforms, to be effective.

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} }