Bridging the Gap How to Finance the Net Zero Transition 2025

144. European Commission (EC). (2024). What is the EU-ETS? https://climate.ec.europa.eu/eu-action/eu-emissions-trading- system-eu-ets/what-eu-ets_en. 145. Ibid. 146. Ibid. 147. European Commission (EC). (2024). ETS2: buildings, road transport and additional sectors. https://climate.ec.europa.eu/ eu-action/eu-emissions-trading-system-eu-ets/ets2-buildings-road-transport-and-additional-sectors_en. 148. Ibid. 149. European Commission (EC). (2024). What is the Innovation Fund? https://climate.ec.europa.eu/eu-action/eu-funding- climate-action/innovation-fund/what-innovation-fund_en. 150. European Commission (EC). (2024). Modernization Fund. https://climate.ec.europa.eu/eu-action/eu-funding-climate- action/modernisation-fund_en. 151. Ibid. 152. European Commission (EC). (2024). Social Climate Fund. https://climate.ec.europa.eu/eu-action/eu-emissions-trading- system-eu-ets/social-climate-fund_en. 153. European Commission (EC). (2024). Carbon Border Adjustment Mechanism. https://taxation-customs.ec.europa.eu/ carbon-border-adjustment-mechanism_en. 154. European Roundtable on Climate Change and Sustainable Transition (ERCST). (2024). The Use of CBAM Revenues. https://ercst.org/the-use-of-cbam-revenues/. 155. United Nations Environment Programme (UNEP). (2023). Adaptation Gap Report 2023: Underfinanced. Underprepared – Inadequate investment and planning on climate adaption leaves world exposed. https://www.unep.org/adaptation-gap- report-2023. 156. United Nations Environment Programme (UNEP). (2023). Emissions Gap Report: Broken Record - Temperatures hit new highs, yet the world fails to cut emissions (again). https://www.unep.org/resources/emissions-gap-report-2023. 157. Ibid. 158. European Roundtable on Climate Change and Sustainable Transition (ERCST). (2023). CBAM in a portfolio of measures for industrial decarbonization. https://ercst.org/cbam-in-a-portfolio-of-measures-for-industrial-decarbonization/. 159. European Roundtable on Climate Change and Sustainable Transition (ERCST). (2024). The Use of CBAM Revenues. https://ercst.org/the-use-of-cbam-revenues/. 160. Ibid. 161. United Nations Environment Programme (UNEP). (2023). Emissions Gap Report: Broken Record - Temperatures hit new highs, yet the world fails to cut emissions (again). https://www.unep.org/resources/emissions-gap-report-2023. 162. Wood Mackenzie. (2023). Playing by new rules: How the CBAM will change the world. https://www.woodmac.com/ horizons/how-the-cbam-will-change-the-world/. 163. European Roundtable on Climate Change and Sustainable Transition (ERCST). (2024). Review of Carbon Leakage Risks of CBAM Export Goods. https://ercst.org/review-of-carbon-leakage-risks-of-cbam-export-goods/. 164. United Nations Trade & Development (UNCTAD). (2023). World Investment Report: Investing in Sustainable Energy For All. https://investmentpolicy.unctad.org/publications/1283/world-investment-report-2023-investing-in-sustainable-energy-for-all. 165. European Roundtable on Climate Change and Sustainable Transition (ERCST). (2024). Review of Carbon Leakage Risks of CBAM Export Goods. https://ercst.org/review-of-carbon-leakage-risks-of-cbam-export-goods/. 166. Ibid. 167. Wood Mackenzie. (2023). Playing by new rules: How the CBAM will change the world. https://www.woodmac.com/ horizons/how-the-cbam-will-change-the-world/. 168. Congressional Research Service (CRS). (2023). Inflation Reduction Act of 2022 (IRA): Provisions Related to Climate Change (R47262). https://crsreports.congress.gov/product/pdf/R/R47262. 169. Ibid. 170. Ibid. 171. United Nations Trade & Development (UNCTAD). (2023). World Investment Report: Investing in Sustainable Energy For All. https://investmentpolicy.unctad.org/publications/1283/world-investment-report-2023-investing-in-sustainable-energy-for-all. 172. United Nations Environment Programme (UNEP). (2023). Adaptation Gap Report 2023: Underfinanced. Underprepared – Inadequate investment and planning on climate adaption leaves world exposed. https://www.unep.org/adaptation-gap- report-2023. 173. United Nations Environment Programme (UNEP). (2023). Emissions Gap Report: Broken Record - Temperatures hit new highs, yet the world fails to cut emissions (again). https://www.unep.org/resources/emissions-gap-report-2023. 174. Ibid. 175. HM Government. (2020). The Ten Point Plan for a Green Industrial Revolution. https://assets.publishing.service.gov.uk/ media/5fb5513de90e0720978b1a6f/10_POINT_PLAN_BOOKLET.pdf. Bridging the Gap: How to Finance the Net-Zero Transition 37