Bridging the Gap How to Finance the Net Zero Transition 2025

Contributors Acknowledgements Matthew Brander Personal Chair of Carbon Accounting, The University of Edinburgh Arlan Brucal Economist, World Bank Anomitro Chatterjee LSE Fellow in Environmental Economics, London School of Economics and Political Science Mark Le Quement Associate Professor in Economics, University of East Anglia; UK Competition and Markets Authority Daire McCoy Principal Economist, UK Office of Gas and Electricity MarketsAdam Ntakaris Lecturer in Financial Technology, The University of Edinburgh Stefan Penczynski Associate Professor in Economics, University of East Anglia; Centre for Behavioural and Experimental Social Science Luca Taschini Professor and Chair of Climate Change, The University of Edinburgh Theodore Turocy Professor of Economics, University of East Anglia; Alan Turing InstituteLead authors Gbenga Ibikunle Professor and Chair of Finance, The University of Edinburgh; Founding Director, Edinburgh Centre for Financial Innovations, United Kingdom Ryan Ferguson PhD candidate, The University of Edinburgh, United Kingdom This paper has benefitted from extensive and helpful discussions with: The authors would also like to thank members of the World Economic Forum’s Global Future Council (GFC) on the Future of Resilient Financial Systems for their insights, the GFC’s Manager, Marie Penelope Nezurugo, for her leadership and support, and Shumin Zheng of the Edinburgh Centre for Financial Innovations and the University of Edinburgh for research assistance. Production Bianca Gay-Fulconis Designer, 1-Pact Edition Jonathan Walter Editor Bridging the Gap: How to Finance the Net-Zero Transition 30