About the Event

Join CSF to hear from Dr. Hao Liang, co-author of the report The Effects of Financing Green and Brown Sectors: What Do Theories and Evidence Say? which was published in July 2025 in the Asian Economic Policy Review Special Issue on ‘Sustainable Finance and Policies in Asia’. 

The report finds that conventional green finance—directing capital only to low-carbon sectors—delivers only modest emission reductions and can unintentionally raise emissions from carbon-intensive industries by restricting access to transition funding. Using modeling and literature evidence, the authors show that penalising “brown” sectors can backfire, while supporting their gradual decarbonisation through transition finance is more effective and less economically disruptive. They recommend policies that expand transition finance markets, alongside green finance to achieve orderly and inclusive progress toward net-zero.

In this meeting, Dr. Hao Liang will present the findings of the report and discuss where to next. CSF will also provide an update on key workstream progress.