Despite ongoing efforts, there continues to be a significant investment gap in building energy efficiency (BEE). Given the limited public resources, targeted green finance instruments can help bridge this gap. However, mainstreaming green finance is fraught with several challenges, including the lack of a global taxonomy and incoherent policy guidance. In this policy brief, we first propose improving national BEE standards, especially in the developing members of the G20, and to reduce differences between the national and global standards, which can significantly contribute to establishing a global taxonomy of green finance for BEE. Next, we propose a more focused and progressive implementation of the G20 Tokyo Declaration with systemic policy action, aligning fiscal and financial policy priorities with low-carbon energy transition goals that can catalyze the development of green finance.

Fellow
Dr. Yilmaz currently works as a Fellow I in the Climate and Sustainability program. His current research agenda aims to…
Dr. Yilmaz currently works as a Fellow I in the Climate and Sustainability program. His current research agenda aims to enhance our understanding of the financial and economic consequences of the sustainable energy transition and to design effective policies to balance risk and growth prospects. Prior to joining KAPSARC, Dr. Yilmaz worked as an economist at the Central Bank of the Republic of Turkey, where he was actively involved in the research and the design of policies for the private and banking sectors. He also worked as a consultant for the World Bank and spent a year as an assistant professor of economics at ADA University. He has authored various academic and policy articles and attended academic conferences and workshops. He holds a Ph.D. in economics from the University of Calgary.
Expertise
- Sustainable Finance and Investment
- Applied Banking and Finance
- Corporate Taxation
- Public Economics
- Applied Micro-Econometrics
Publications See all Fatih Yılmaz’s publications

Implications of Climate Policy on Energy Poverty
Despite ongoing efforts, there continues to be a significant investment gap in building energy efficiency…
13th November 2023
Closing the Investment Gap to Achieve Paris Agreement Goals
Despite ongoing efforts, there continues to be a significant investment gap in building energy efficiency…
9th October 2023