Table 3 Relevant actors and international experience in the strategic pathway of developing and adopting the TCFD
framework
TCFD: metric
determination
TCFD: scenario
methodologies
TCFD: adapting to
state-owned
enterprises (SOEs)
TCFD building
momentum
International
experience
Financial Stability Forum: Enhancing Market and Institutional Resilience, Paris Agreement,
Montreal Protocol
State actors
G20 member states and
their finance ministries
G20 member
states and their
finance ministries
G20 member states
and respective
SOEs
G20 member
states and their
finance ministries
Non-state actors
Exchange operators,
multinational energy and
extraction companies
Multinationals
that maintain
energy scenarios
SOEs
Energy and
extractive
industry
companies
GEGs/multilaterals
WB, C40, FSB
IEA, ETC, FSB,
UNFCCC, IPCC
FSB
CEM, C40, G20,
FSB
Note TCFD = Task Force on Climate-related Financial Disclosures
Table 4 Relevant actors and international experience in the strategic pathway of rationalising public energy finance
Renewed
G20 focus
on phasing
out fossil
fuel
subsidies
Multilateral
coordination on
phasing down high
carbon FDI and
development
support
International sharing on
establishing effective
carbon pricing
International
cooperation on
minimising carbon
leakage
International
experience
G20 2009
and process
OECD MDB
reforms
ETS—UK, EU,
Australia, Canada,
California, South
Korea, Brazil
Tax—Mexico, Japan,
South Africa
Switzerland-EU, UKEU, CaliforniaQuebec, Climate
Leadership Council
(BAMs)
State actors
G20
member
states and
their finance
ministries
NDRC, MOFCOM
or SASC
Common: MOFCOM, NDRC, National Energy
Commission
Non-state actors
IOCs and
extractives
SOEs
Certifiers/verifiers
(PwC, KPMG); fossil
fuel companies,
industrial sectors and
utilities
International
corporations that have
already adopted an
internal shadow
carbon price (e.g.
IOCs)
GEGs/multilaterals
G20
OECD, WB, AIIB, IFC, ADB, WTO, IETA Article 6, GGGI, UNFCCC,
CPLC and the Carbon Pricing Panel, IMF, VCS
GEG reform
Re-establish
G20 FF
subsidy
reform
programmes
MDB investment
standards and
portfolios
Dedicated G20 and/or
World Bank working
group; expanded
CPLC/Carbon Pricing
Panel membership
WTO rules on border
adjustment measures,
expanded
CPLC/Carbon Pricing
Panel membership
Special Report 5: International Energy Cooperation and Governance
691
framework
TCFD: metric
determination
TCFD: scenario
methodologies
TCFD: adapting to
state-owned
enterprises (SOEs)
TCFD building
momentum
International
experience
Financial Stability Forum: Enhancing Market and Institutional Resilience, Paris Agreement,
Montreal Protocol
State actors
G20 member states and
their finance ministries
G20 member
states and their
finance ministries
G20 member states
and respective
SOEs
G20 member
states and their
finance ministries
Non-state actors
Exchange operators,
multinational energy and
extraction companies
Multinationals
that maintain
energy scenarios
SOEs
Energy and
extractive
industry
companies
GEGs/multilaterals
WB, C40, FSB
IEA, ETC, FSB,
UNFCCC, IPCC
FSB
CEM, C40, G20,
FSB
Note TCFD = Task Force on Climate-related Financial Disclosures
Table 4 Relevant actors and international experience in the strategic pathway of rationalising public energy finance
Renewed
G20 focus
on phasing
out fossil
fuel
subsidies
Multilateral
coordination on
phasing down high
carbon FDI and
development
support
International sharing on
establishing effective
carbon pricing
International
cooperation on
minimising carbon
leakage
International
experience
G20 2009
and process
OECD MDB
reforms
ETS—UK, EU,
Australia, Canada,
California, South
Korea, Brazil
Tax—Mexico, Japan,
South Africa
Switzerland-EU, UKEU, CaliforniaQuebec, Climate
Leadership Council
(BAMs)
State actors
G20
member
states and
their finance
ministries
NDRC, MOFCOM
or SASC
Common: MOFCOM, NDRC, National Energy
Commission
Non-state actors
IOCs and
extractives
SOEs
Certifiers/verifiers
(PwC, KPMG); fossil
fuel companies,
industrial sectors and
utilities
International
corporations that have
already adopted an
internal shadow
carbon price (e.g.
IOCs)
GEGs/multilaterals
G20
OECD, WB, AIIB, IFC, ADB, WTO, IETA Article 6, GGGI, UNFCCC,
CPLC and the Carbon Pricing Panel, IMF, VCS
GEG reform
Re-establish
G20 FF
subsidy
reform
programmes
MDB investment
standards and
portfolios
Dedicated G20 and/or
World Bank working
group; expanded
CPLC/Carbon Pricing
Panel membership
WTO rules on border
adjustment measures,
expanded
CPLC/Carbon Pricing
Panel membership
Special Report 5: International Energy Cooperation and Governance
691