Thank you very much, Mr. Chair.
Thank you, committee members.
Today, my remarks will focus on transition finance, and we'll dive into that topic.
To achieve the Paris Agreement goals, all sectors of the global economy—in particular, hard-to-abate industries—must rapidly decarbonize. This has given rise to several tools and initiatives in sustainable finance and, more recently, in transition finance.
Defining what is already sustainable has traditionally been—