引領可持續發展的多變格局： 香港在推動可持續轉型金融的關鍵作用

Investment Rating - The report emphasizes the importance of transition finance in guiding global investments towards a sustainable future, highlighting Hong Kong's strategic position in this evolving landscape [3][4][10]. Core Insights - The development of green and sustainable finance has become a global priority, with Hong Kong aiming to establish itself as a key player in sustainable economic practices [7][9]. - Transition finance is crucial for bridging the gap between traditional and sustainable finance, particularly for high-emission sectors that require financial tools and support for gradual transformation [9][10]. - The report outlines several strategic recommendations for Hong Kong to enhance its role as a transition finance hub, including adopting a "three-pillar" model and fostering public-private partnerships [10][19]. Summary by Sections Report Summary - The report discusses the evolution of sustainable finance in Hong Kong, noting significant progress since the first report in 2016, and emphasizes the need for continued efforts to address climate-related challenges [7][9]. Introduction - Transition finance is defined as a means to support high-emission sectors in their decarbonization efforts, recognizing the complexity of achieving net-zero emissions [12][14]. Exploring the Frontiers of Transition Finance - The report highlights the necessity of a comprehensive transition finance framework to facilitate effective regulation and mobilize necessary financial resources for sustainable development [23][24]. Policy Recommendations - Recommendations include establishing guiding principles for diverse global pathways, promoting collaboration to enhance transition impact, and clarifying Hong Kong's strategic vision through tailored financing solutions [10][19][29]. Recent Global Initiatives - The report notes the significant investment needs to achieve climate goals, with an estimated $150 trillion required by 2050, emphasizing the critical role of transition finance in directing global investments [19][20]. Analysis of Transition Finance Scope - Transition finance is characterized by its focus on funding high-emission activities to support their decarbonization, acknowledging the importance of gradual progress towards climate goals [28][30]. Global Efforts in Transition Planning Disclosure - The report discusses the establishment of standardized frameworks for transition planning and disclosure, which are essential for effective implementation and assessment of transition finance initiatives [36][37].