As businesses and entire industries completely retool and refocus their priorities to achieve net zero targets, they must also look for ways to fund their transition.

Business and world leaders are aligned on the need to move to net zero, with thousands of large corporations setting ambitious goals to reduce emissions and bolster sustainability. And with wind, solar, electric vehicles and hydrogen being embraced on a grand scale, a renewable future seems well underway. Technology is already a critical enabler, helping to track and measure emissions as well as providing new ways to reduce them. Even so, more needs to be done and faster, with better collaboration and fast-tracking of financing opportunities to push businesses toward their targets. New initiatives like the Climate Impact X1, a global exchange for high-quality carbon credits can help make essential financial strides. “The transition to net zero requires vast amounts of capital, and the financial sector must play a leading role to make sure companies can transition, and those that are already transitioning have the support they need to flourish,” says Chris Leeds, Standard Chartered’s Executive Director, Head of Carbon Markets Development.