1Opportunities and barriers to transition in hard-to-abate sectorsOpportunities and Barriers to Transition inHard-to-Abate SectorsJune 2026Acknowledgements The report was developed as part of the Transition Finance Workstream of the UK-China Green Finance Taskforce, co-chaired by Dr. MA Jun, President of the Institute of Finance and Sustainability in Beijing, and Alderman Sir Charles Bowman of the City of London Corporation. The Transition Finance Workstream is co-led by HSBC and Bank of Communications.The research was led by Andy Howard, Yuan Jiang, Dan Chi Wong and Xinxin Dong at Schroders, with guidance and input from colleagues in the Transition Finance workstream of the UK–China Green Finance Taskforce (GFT), including David Harris, Tim Lord, Felix Fouret, Jaakko Kooroshy, Lijian Zhao, Jeanie Yang, Mingyue Tang, Sabine Laurent and Chris Dodwell. Mark Hedley, Ewan Evans, Jenny Hao and Shudan Gui from the City of London Corporation have coordi-nated the workstream and this publication.DisclaimerThis is prepared by Schroders, through contribution to the Transition Finance Workstream for information and general circula-tion only and the opinions expressed ae subject to change without notice. It does not constitute an offer or solicitation to deal in units of any Schroders fund and does not have regard to the specific investment objectives, financial situation or the particular needs of any specific person who may receive this.Opportunities and Barriers to Transition in Hard-to-Abate Sectors 2Executive summaryExisting sustainable finance taxonomies are valuable but insufficient. They classify environmentally sustainable activities but do not solve the financing problem for hard-to-abate sectors. The analysis in this pa...
