The Transition Finance in China’s Guangdong Hong Kong-Macau Greater Bay Area report prepared by Climate Bonds Initiative discusses the principles that credible transition finance should adhere to and takes Guangdong-Hong Kong-Macao (GBA) Greater Bay Area – an important economic powerhouse for China – as a case for studying the application of transition finance concerning the low-carbon transition. This report also includes a review of the transition finance concepts and practices that are currently being used around the world.
The GBA is one of the regions with the highest degree of openness and has one of the strongest economies in China. Under the framework of China’s‘30·60’ (have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060) climate target and the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (the GBA Outline Plan), the development positioning of the GBA determines that it must take into account the environmental impact and realise a sustainable form of
development, while maintaining high-quality economic growth.
Download the report here