NRDC released the report Transition Finance Mechanisms to Support Low-Carbon Transition of Coal Power Companies — Case Studies from Shanxi and Inner Mongolia, in collaboration with Peking University and the Beijing Institute of Finance and Sustainability on July 8. This study examined international and domestic experiences in financing the transitioning of carbon-intensive industries, with a closer look at coal power companies in Shanxi Province and Inner Mongolia Autonomous Region, the top two provinces in terms of raw coal output. This is the first report to examine real case studies to explore transition finance solutions. The report provides suggestions to government agencies, financial institutions, and coal power companies respectively on how to employ transition finance to support low carbon transition. Ma Jun, a leading green finance expert in China, emphasized the need and ability to identify the coal power companies that have both the desire and capacity for low carbon transition. The research findings are widely reported by key industry media in both energy and finance, including Southern Energy Observer, China Financial Times and 21st Century Business Herald. The report release sparked a robust panel discussion by experts from leading commercial banks, policy bank and multilateral development bank on challenges and pathways to finance the transition of carbon-intensive industries. Key findings of the report and the key takeaways from the panel discussion were submitted to CCICED.