> **来源：[研报客](https://pc.yanbaoke.cn)** # Summary of OECD Review on Aligning Finance with Climate Goals 2026 ## Core Content The **OECD Review on Aligning Finance with Climate Goals 2026** highlights the importance of aligning financial systems with climate objectives to support the transition to a low-carbon economy and enhance climate resilience. The report emphasizes the need for robust evidence and data to guide policymakers and investors in making informed decisions about financial flows and their alignment with climate goals. ## Main Views and Key Information ### 1. Importance of Aligning Finance with Climate Goals - Aligning finance with net-zero emissions and climate resilience supports achieving climate policy goals, increases economic resilience, fosters innovation, and enhances energy security. - Climate change poses significant risks to societies, economies, and the financial system. - The Paris Agreement (Article 2.1c) recognizes the role of finance in achieving low greenhouse gas (GHG) emissions and climate-resilient development. ### 2. Policy Playbooks and Financial Sector Policies - Policymakers across different regions are adopting diverse **policy playbooks** to transition financial flows towards climate alignment. - **Climate-related financial sector policies** have expanded significantly, with over **860 policies** adopted globally from 2000 to 2025. - These policies aim to manage **climate risks** to financial stability and uphold **market integrity**. - The **policy mix** varies by region, with: - **Transparency policies** being the most prevalent (78% of all policies in 2025). - **Prudential policies** increasing in share (20%). - **Monetary policies** remaining limited (2%). ### 3. Policy Authorities and Roles - **Central banks** have become more prominent in climate-related policy adoption, accounting for **32%** of all policies. - **Financial supervisors and regulators** and **governments** each account for **28%** of the policy mix. - **Securities exchanges** account for **8%**, and **multiple authorities** for **4%**. ### 4. Real-Economy and Financial Sector Policies - **Real-economy policies** (e.g., fiscal instruments and regulatory standards) are critical in incentivizing or hindering climate-aligned financial flows. - **Climate-related financial sector policies** build on real-economy policies but cannot replace them. - The report outlines **14 key actions** for policymakers to improve climate alignment, including: - Widen the climate-related financial sector policy mix based on peer learning. - Improve the coherence of climate-related disclosure requirements. - Adopt coordinated climate data and evaluation frameworks. - Collect and publish national sustainable finance statistics. - Provide practical implementation guidance. - Assess the effects of real-economy policies. - Strengthen government-backed voluntary partnerships. - Update climate-related transparency policies based on empirical evaluations. - Publish public climate risk datasets. - Develop sector transition pathways. - Send market signals through green and transition sovereign debt. - Expand climate stress testing across the financial system. - Conduct scenario analysis and evidence-based assessments. - Better leverage existing climate-related data and disclosure with innovative data tools. - Improve transparency of climate ratings, physical risk indicators, and alignment assessments. ### 5. Climate Alignment Trends - **Climate alignment** has advanced for some financial flows, but **untapped opportunities** remain. - **Clean energy investments** are increasing, but **fossil fuel financing** still outpaces low-carbon financing across most asset classes. - **Green-labelled syndicated loans** are growing, but **bond market greening** has slowed since 2022. - **Data and metrics** for tracking climate alignment are becoming more available, but **gaps persist**, especially in identifying transition opportunities and tracking opaque financial assets. ### 6. Regional Policy Approaches - **Africa and parts of Asia-Pacific** rely more on **transparency policies**. - **Europe and North America** have higher shares of **prudential policies**. - **North America** leads in the use of **voluntary frameworks**. - **Africa and Latin America** have a higher share of **transparency frameworks** for specific debt instruments. ### 7. Climate Metrics and Data Tools - The report explores **climate metrics** used in the financial sector, including: - **Climate transition metrics** for financial institutions and non-financial companies. - **Emerging approaches** for assessing the climate performance of private equity. - **Adaptation metrics** and their integration into corporate transition plans. - **Credible climate assessments of bonds**. - **Innovative solutions** to fill data gaps. - The **NGFS maturity model** is highlighted as a framework for assessing adaptation metrics. ## Conclusion - The **OECD Review** underscores the need for **data-driven policymaking** and **coordinated frameworks** to ensure the **climate alignment of finance**. - While progress has been made, **data gaps** and **uneven policy approaches** across regions still pose challenges. - **Tailored actions** based on national circumstances are necessary to capture **untapped investment opportunities** and enhance **climate resilience**. ## References - The report includes detailed **tables and figures** that illustrate the trends in climate-related financial sector policies, investment estimates, and climate metrics. - **Boxes** provide additional insights, including a typology of public policies, changes in transparency policies, and analytical dimensions for tracking climate alignment. ## Data and Metrics - The report draws on **OECD data** and **international standards**, such as the **TCFD**, **NGFS**, and **IFRS ISSB**. - It also highlights the **role of green taxonomies** and the **importance of data tools** in improving the transparency and effectiveness of climate-aligned financial policies.