For example, the Net-Zero Banking Alliance (NZBA), which is a global alliance of banks convened by the United Nations, has compiled practical guidelines for the implementation and promotion of transition finance by financial institutions. The Asia Transition Finance Study Group (ATFSG), led by major banks in Asia, has also published similar guidelines.
The enhanced ambition requires mobilization of green finance at a much faster pace. For example, green infrastructure investment trusts could help scale up green finance as also deepen the local bond market. But in the end, all these ideas need a clear intent from all stakeholders in order for it to be implemented and sustained. Concluding Remarks 31.