Yingzhi Tang

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Primer Series page What Is Transition Finance and How Does it Differ from Green Finance? In a world racing to net-zero, high-emitting and/or hard-to-abate sectors are at an inflection point. On the one hand, they represent a significant proportion of total GHG emissions, and therefore, are critical for Canada to achieve the “net-zero emissions by 2050” commitment.

On 23 March, the International Bank for Reconstruction and Development (IBRD), an arm of the World Bank, announced a five-year US$150-million bond dedicated to protecting black rhinos in South Africa. The Rhino Bond, more formally called the Wildlife Conservation Bond, is the world’s first financial instrument dedicated to protecting a species. Its innovative blended finance approach has the potential to close the multi-billion-dollar biodiversity financing gap.