REFERENCES
1. bp statistical review of world energy. 2022. Available from: https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2022-full-report.pdf [Last accessed on 23 Oct 2023].
2. Iea. Tracking electricity. Available from: https://www.iea.org/fuels-and-technologies/electricity [Last accessed on 23 Oct 2023].
3. Liu Q, Zheng X, Zhao X, Chen Y, Lugovoy O. Carbon emission scenarios of China's power sector: impact of controlling measures and carbon pricing mechanism. Adv Clim Chang Res 2018;9:27-33.
4. Victor N, Nichols C, Zelek C. The U.S. power sector decarbonization: investigating technology options with MARKAL nine-region model. Energy Econ 2018;73:410-25.
5. Gadre R, Anandarajah G. Assessing the evolution of India's power sector to 2050 under different CO2 emissions rights allocation schemes. Energy Sustain Dev 2019;50:126-38.
6. Climate Action Tracker. Global update: Paris agreement turning point. 2020. Available from: https://climateactiontracker.org/press/global-update-paris-agreement-turning-point/ [Last accessed on 23 Oct 2023].
7. Bloomberg NEF. Getting on track for net-zero by 2050 will require rapid scaling of investment in the energy transition over the next ten years. 2021. Available from: https://about.newenergyfinance.com/blog/getting-on-track-for-net-zero-by-2050-will-require-rapid-scaling-of-investment-in-the-energy-transition-over-the-next-ten-years/ [Last accessed on 23 Oct 2023].
8. Hauenstein C. Stranded assets and early closures in global coal mining under 1.5 °C. Environ Res Lett 2023;18:024021.
9. Iea. Net zero by 2050: a roadmap for the global energy sector. 2021. Available from: https://www.iea.org/reports/net-zero-by-2050 [Last accessed on 23 Oct 2023].
10. Gao L; People’s Bank of China Harbin Central Sub-branch Subject G20roup. Analysis and suggestions on the connotation, meaning and criteria of transition finance abroad. Heilongjiang Finance 2022;10:10-2.(in Chinese). Available from: https://kns.cnki.net/kcms2/article/abstract?v=A67obWUfw0n_jLDjltXPEpUJ6Zjt3As_zv_LII3DPyUKsJpjsHMmMDQwF9iYAJOl7t1N4JjXtvxGe0aM8RlQ7y7eNqAl96p6gSh-FeR74zHTCP6gsT4gGnOmd_K4NGQO8izDNaLELwIukKcSHQLOLQ==&uniplatform=NZKPT&language=CHS [Last accessed on 26 Oct 2023].
11. Yuan JH, Miao RL, Zhang J. Low carbon development outlook of China’s thermal power industry in the context of carbon neutrality. Chn Natl Cond Strength 2022;12:9-13. (in Chinese).
12. G20 sustainable finance working group. G20 sustainable finance report. 2022. Available from: https://g20sfwg.org/wp-content/uploads/2022/10/2022-G20-Sustainable-Finance-Report-2.pdf [Last accessed on 23 Oct 2023].
13. Ameli N, Drummond P, Bisaro A, Grubb M, Chenet H. Climate finance and disclosure for institutional investors: why transparency is not enough. Clim Change 2020;160:565-89.
14. Tandon, A. Transition finance: investigating the state of play - a stocktake of emerging approaches and financial instruments. Available from: https://one.oecd.org/document/ENV/WKP(2021)11/En/pdf [Last accessed on 23 Oct 2023].
15. Tachev V. Investing in coal projects bears major financial and reputational risks. 2021. Available from: https://energytracker.asia/investing-in-coal-projects-bears-major-financial-and-reputational-risks/ [Last accessed on 23 Oct 2023].
16. Li L. International progress and insights in transition finance. Financial Expo 2023;2:16-7.(in Chinese). Available from: https://kns.cnki.net/kcms2/article/abstract?v=A67obWUfw0moNSqvJE8QOt1bRGw32aigPzwgmYJ9axjOQ-I7g4Ga2r4PgoxhXjSK1Ep9WrBQAvOpBfOl5_w_I9-i2G8ReJvut48H9UHmIWSUqA1TmkOI2T4PJthW8lzf5IY6ksiaReTrlw8Uh18_eg==&uniplatform=NZKPT&language=CHS [Last accessed on 26 Oct 2023].
17. United Nations. Glasgow climate pact. 2021. Available from: https://unfccc.int/sites/default/files/resource/cma3_auv_2_cover%2520decision.pdf [Last accessed on 23 Oct 2023].
18. Harvard law school forum on corporate governance. Vanguard’s expectations for companies with significant coal exposure. 2022. Available from: https://corpgov.law.harvard.edu/2022/01/07 [Last accessed on 23 Oct 2023].
19. U.S. securities and exchange commission. SEC proposes rules to enhance and standardize climate-related disclosures for investors. 2022. Available from: https://www.sec.gov/news/press-release/2022-46 [Last accessed on 23 Oct 2023].
20. TCFD. Task force on climate-related financial disclosures. 2022. Available from: https://assets.bbhub.io/company/sites/60/2022/12/tcfd-2022-overview-booklet.pdf [Last accessed on 23 Oct 2023].
21. Wang JX, Song X. Recent trends in international zero-carbon disclosure regulatory policies and implications for China. Tsinghua Financ Rev 2023;2:20-3. (in Chinese).
22. Climate action 100+ net zero company benchmark 2.0. 2023. (in Chinese) Available from: https://www.climateaction100.org/wp-content/uploads/2023/04/Climate-Action-100-Net-Zero-Company-Benchmark-Framework-2.0._SC.pdf [Last accessed on 23 Oct 2023].
23. Progress update 2022. Five years of climate action 100+. Available from: https://www.climateaction100.org/wp-content/uploads/2023/01/CA-100-Progress-Update-2022-FINAL-2.pdf [Last accessed on 23 Oct 2023].
24. Reclaim Finance. The CA100+ benchmark: still some way to go. 2022. Available from: https://reclaimfinance.org/site/en/2022/01/07/ca100-benchmark/ [Last accessed on 23 Oct 2023].
25. Accounting for sustainability. Q&A with Jacques Morris, UK transition plan taskforce. 2022. Available from: https://www.accountingforsustainability.org/en/knowledge-hub/blogs/disclosure-framework-jacques-morris-uk-transition-plan-taskforce.html [Last accessed on 23 Oct 2023].
26. Zhou XY, Shrimali G. Assessing the credibility of climate transition plans in the power sector. 2023. Available from: https://sustainablefinance.ox.ac.uk/wp-content/uploads/2023/07/SSEE-Discussion-Paper-Power_finalXZ.pdf [Last accessed on 23 Oct 2023].
27. TPT. The transition plan taskforce disclosure framework. 2022. Available from: https://transitiontaskforce.net/wp-content/uploads/2022/11/TPT-Disclosure-Framework.pdf [Last accessed on 23 Oct 2023].
29. Wu HJ, Liu QR, Wu SN. Corporate environmental disclosure and financing constraints. World Econ 2017;40:124-47. (in Chinese)
30. Zhou YY, Shi ZL, Lei FY, Sun WX, Zhang JX. Effect of environmental information disclosure on the financing efficiency of enterprises - evidence from China’s listed energy companies. Sustainability 2022;14:16699. Available from: https://kns.cnki.net/kcms2/article/abstract?v=A67obWUfw0khNF0eS79XKDWgO_K_B3TqAsNkE9tvnOugnFHENNdsb12jR0i5nvAJ3xIHKRsat8Ur-cEILvIGqWuIvml-WJ5ZMh-2XTu6qRvrCjZKVFmhqpmD9hio8YG345jgoacDUvk9gzVwPXnoPGbVb5Z3fcuFl00W3TjDSSk=&uniplatform=NZKPT&language=CHS [Last accessed on 26 Oct 2023].
31. Ho K, Yen H, Lu C, Lee S. Does information disclosure and transparency ranking system prevent the default risk of a firm? Econ Anal Policy 2023;78:1089-105.
32. Li Q, Ruan WJ, Shi HM, Xiang EW, Zhang FD. Corporate environmental information disclosure and bank financing: moderating effect of formal and informal institutions. Bus Strategy Environ 2022;31:2931-46.
33. Wang G, Lou X, Shen J, et al. Corporate carbon information disclosure and financing costs: the moderating effect of sustainable development. Sustainability 2022;14:9159.
34. Raimo N, Caragnano A, Zito M, Vitolla F, Mariani M. Extending the benefits of ESG disclosure: the effect on the cost of debt financing. Corp Soc Responsib Environ Manag 2021;28:1412-21.
35. LMA. Sustainability linked loan principles. Supporting environmentally and socially sustainable economic activity. 2019. Available from: https://www.lma.eu.com/application/files/5115/8866/8901/Sustainability_Linked_Loan_Principles_V032.pdf [Last accessed on 23 Oct 2023].
36. ICMA. Sustainability-linked bond principles. 2020. Available from: https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-bond-principles-slbp/ [Last accessed on 23 Oct 2023].
37. ICMA. Sustainability linked loan principles. 2019. Available from: https://www.icmagroup.org/assets/documents/Regulatory/Green-Bonds/LMASustainabilityLinkedLoanPrinciples-270919.pdf [Last accessed on 23 Oct 2023].
38. Technical report. Taxonomy: final report of the technical expert group on sustainable finance. 2020. Available from: https://finance.ec.europa.eu/system/files/2020-03/200309-sustainable-finance-teg-final-report-taxonomy_en.pdf [Last accessed on 23 Oct 2023].
39. Wei TL, Wang HQ. Theoretical basis, practical experience and countermeasure suggestions of transition finance. Bus Econ 2023; 42:141-9. (in Chinese).
40. Liu BL, Li LL. International practices and lessons learned in transition finance from the perspective of climate change risk. Fin Dev Rev 2022;03:54-69. (in Chinese).
41. Zhong GY. Definition, principle framework and characteristics of transition finance - a perspective based on literature review. West Finance 2021;9:73-6+87. (in Chinese).
42. China dialogue. What’s holding back transition finance in China? 2023. Available from: https://chinadialogue.net/en/energy/whats-holding-back-transition-finance-in-china/ [Last accessed on 23 Oct 2023].
43. Forbes. Measuring up: financial institutions and emissions. Available from: https://www.forbes.com/sites/deloitte/2021/12/15/measuring-up-financial-institutions-and-emissions/ [Last accessed on23 Oct 2023].
44. Hong Kong green finance association. Navigating climate transition finance. 2020. Available from: https://www.hkgreenfinance.org/wp-content/uploads/2020/11/Navigating-Climate-Transition-Finance.pdf [Last accessed on 26 Oct 2023].
45. CBI. Transition finance in China: latest development and future outlook. 2022. Available from: https://www.climatebonds.net/resources/reports/transition-finance-china-latest-development-and-future-outlook [Last accessed on 23 Oct 2023].
46. CBI. Financing credible transitions. 2020. Available from: https://www.climatebonds.net/resources/reports/financing-credible-transitions-white-paper [Last accessed on 23 Oct 2023].
47. ICMA. Climate transition finance handbook. 2020. Available from: https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/climate-transition-finance-handbook/ [Last accessed on 23 Oct 2023].
48. DBS. Sustainable transition finance framework taxonomy. 2020. Available from: https://www.dbs.com/iwov-resources/images/sustainability/responsible-banking/IBG%20Sustainable%20%26%20Transition%20Finance%20Framework_Jun2020.pdf?pid=DBSBank-IBG-SustainableTransition-Finance-Framework-Taxonomy [Last accessed on 23 Oct 2023].
49. Yin H; Transition Finance Disclosure Research Group. Research on disclosure in transition finance - based on the perspective of financial institutions. Financial Forum 2023;28:3-9. (in Chinese).
50. Platform on sustainable finance. Transition finance report. 2021. Available from: https://finance.ec.europa.eu/system/files/2021-03/210319-eu-platform-transition-finance-report_en.pdf [Last accessed on 23 Oct 2023].
51. Bank of China Limited. Transition bonds management statement. 2021. Available from: https://pic.bankofchina.com/bocappd/report/202101/P020210106328842685396.pdf [Last accessed on 23 Oct 2023].
52. China Construction Bank. Transition bond framework. 2021. Available from: http://www2.ccb.com/cn/investor/upload/bond/20210413_1618282946/20210413110254366415.pdf [Last accessed on 26 Oct 2023].
53. Authority of Singapore. MAS launches consultation on coal phase-out criteria under the Singapore-Asia taxonomy. Available from: https://www.mas.gov.sg/news/media-releases/2023/mas-launches-consultation-on--coal-phase-out-criteria-under-the-singapore-asia-taxonomy [Last accessed on 23 Oct 2023].
54. Glasgow financial alliance for net zero. Financing the managed phaseout of coal-fired power plants in Asia pacific. Available from: https://assets.bbhub.io/company/sites/63/2023/05/gfanz_consultation_managed-phaseout-of-coal-in-Asia-Pacific.pdf [Last accessed on 23 Oct 2023].
55. GlobalData. Scope 3 greenhouse gas (GHG) emissions of major power and utility companies in 2021. Available from: https://www.globaldata.com/data-insights/power-and-utilities/scope-3-greenhouse-gas-ghg-emissions-of-major-power-and-utility-companies-2091188/ [Last accessed on 23 Oct 2023].
56. PetroChina. Environmental, social and governance report. 2022. Available from: http://www.petrochina.com.cn/petrochina/xhtml/images/shyhj/2022esgen.pdf [Last accessed on 23 Oct 2023].
57. Sinopec. Sustainability report. 2022. Available from: http://www.sinopec.com/listco/en/Resource/Pdf/2023032506.pdf [Last accessed on 23 Oct 2023].
58. Walmart. Environmental, social and governance summary report. 2022. Available from: https://mco-image.walmartmobile.cn/image/Compliance/walmart-fy2022-esg-summary.pdf [Last accessed on 23 Oct 2023].
59. Volkswagen. Sustainability report. 2022. Available from: https://www.volkswagengroupchina.com.cn/zh-cn/csr/sustainabilityreport [Last accessed on 23 Oct 2023].
60. Carbon tracker initiative. Still Flying blind: the absence of climate risk in financial reporting. Available from: https://carbontracker.org/reports/still-flying-blind-the-absence-of-climate-risk-in-financial-reporting/ [Last accessed on 23 Oct 2023].
61. South Pole. Net zero and beyond - south pole’s 2022 net zero report. Available from: https://www.southpole.com/publications/net-zero-and-beyond [Last accessed on 23 Oct 2023].
62. IRENA. Global renewables outlook: energy transformation 2050. 2020. Available from: https://www.irena.org/publications/2020/Apr/Global-Renewables-Outlook-2020 [Last accessed on 23 Oct 2023].