The report by Climate Bonds explores the importance of credible transition pathways to achieve global climate goals, focusing on how financial frameworks can support decarbonisation across all sectors. It identifies six Taxonomy Transition Mechanisms that countries are converging towards, such as revising criteria over time and setting future performance guidance, to provide clarity and guidance for sectors needing deep structural change to reach net zero emissions. The report also emphasizes the need for clear transition finance to ensure investments align with decarbonization goals and science-based pathways, aiming to combat greenwashing and promote credibility in the market. Climate Bonds aims to provide guidance to policymakers, investors, and issuers on navigating the complexities of transition finance, with an upcoming webinar to delve deeper into the report's key ideas and operationalization of transition across taxonomy frameworks.