Research on the Application of the Climate Change Investment Framework to the Evaluation of the Financial Effects of Low-Carbon Transition——Based on Country,Industry and Enterprise Perspectives
With the global efforts to achieve the goal of carbon neutrality,and the in-ternational standards of climate and environmental information disclosure are con-stantly updated and unified,but there are great differences in the efforts made by countries,industries and companies in low-carbon transition.To assess the impact of the low-carbon transition actions of these entities,the Asian Infrastructure In-vestment Bank(AIIB)and Amundi jointly designed the Climate Change Invest-ment Framework(CCIF)in 2020.To assess the alignment of low-carbon transition actions by industries and companies with the goals of the Paris Agreement.Fitch Advisory(BMI)and the Climate Bonds Initiative(CBI)have targeted countries,sectors and companies in the Asia-Pacific region.Apply the three target pillars set by CCIF(i.e.,climate change mitigation,adaptation,and contribution to transition)to assess the extent to which financial flows align with pathways to achieve low greenhouse gas(GHG)emissions and climate-resilient development.The study is published through the report"Companies and Climate Change:An updated research application of the AIIB-Amundi Climate Change Investment Framework",which is compiled in this paper,and provides corresponding analytical methods and conclu-sions for the three pillars of CCIF,as well as for the performance assessment of countries,industries and enterprises in the low-carbon transition.Finally,some sug-gestions are given for the practice of evaluating the financial effect of low-carbon transition and the formulation of industry transition policy,which can be used as reference for research and policy makers.