Transition Finance

New Transition Finance Council also includes representatives from CBI and the London Stock Exchange

Lawmakers must be 'clear-eyed' about profit motive, says review, suggesting taxes, subsidies and legal protections for forward-looking climate statements

JRC recommendation comes in report about geographical importance of climate strategies

Strategies could form the basis of new transactions and prudential requirements, and even feed into subsidy regimes and public procurement rules.

European regulators have highlighted how data on company spending can be used to assess the credibility of climate transitions, but it's not always clear cut