In particular, regulatoiy-induced misalignments between the time horizons of investors and the need for long-term infrastructure financing would undermine the low-caibon transition. Greater transparency and harmonisation of corporate disclosures on climate risks and liabilities could also encourage climate-friendly investments. Public finance and investment could be powerful catalysts for the low-caibon transition, yet they are not fully aligned with climate goals. Although its share has been rising over time, less than one-fifth of official development assistance (ODA) is climate-related. Public support to private investments in coal and gas is still significant. National and international public financial institutions could more systematically lead the way by reconsidering their support to greenhouse gas-intensive projects.