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The financial system can play a major role in contributing to a transition towards a low-carbon, resilient and inclusive economy. However, for this to happen, three key deficiencies must be addressed: the misallocation of available capital for long-term development; externalities and systemic risk, including climate change; and environmental stress, notably natural disasters. Critical to aligning financial and capital markets will be measures within the financial system to green private finance through adjustments to key policies, regulations, standards and norms, and through market innovations.
In 2018, the Global Environment Facility (GEF) launched the GEF Aligning Finance Policies project to build international consensus to align financial systems with the UN Sustainable Development Goals (SDGs) and develop national regulatory actions. The project focuses on the development of national Sustainable Finance Roadmaps in six countries – China, India, Kazakhstan, Mexico, Mongolia and Nigeria – and building international consensus on best practices – from policies and regulations to standards and norms – to green the financial system.
This Green Forum discussion is for professionals to share their knowledge and experience on sustainable finance, particularly best practices to help align the financial system with sustainable development and climate change mitigation needs, as well as ways to incorporate sustainability factors into the rules that govern banking, insurance, institutional investment and capital markets.
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Created an Event in Sustainable Finance
Created an Opportunity in Sustainable Finance, Agriculture, Climate Change
Created a Post in Sustainable Finance
An interesting sustainable finance capacity building session to join in Latin America on 30 May!
The third in its series, this session will focus on international climate funds for five Latin American countries: Mexico, Columbia, Honduras, El Salvador and Guatemala.
Learn more about the main international climate funds and mobilizers of sustainable finance in the region as well as the GCF opportunities and case studies.
Register now!
Created a Post in Agriculture, Energy, Sustainable Finance
? Opportunity!
The Catalytic Climate Finance Facility (CC Facility) launched an open call for early-stage and market-ready blended climate finance vehicles seeking grant funding and technical support for scaling up.
Selected ideas can receive up to ? USD 500,000 in grant funding and customized technical assistance over a 12 to 18-month period!
Learn more and submit your concept note by June 9 ?
Created a Post in Sustainable Finance, Climate Change
✅What are the trends in accounting and disclosure standards on ESG & sustainability?
✅What opportunities can financial institutions seize to take the lead in ESG-integrated decision making?
Investor demand gave rise to numerous ESG and sustainability standards yet fragmented and different disclosure practices often hinder financial institutions to operate effectively across borders.
On 23 May, the Green Finance Platform will gather leading accounting and standard setting bodies to discuss standardization and disclosure of ESG and sustainability information.
Created a Post in Industry and Entrepreneurship, Climate Change, Sustainable Finance
Webinar: Sustainability report best practices
The learnings, challenges, and surprises (!) in the carbon accounting and reporting process of a fast-growing tech company.
May 30th, 15:00 – 15:45 CEST / 14:00 – 14:45 BST
The Global Innovation Lab for Climate Finance will accelerate six groundbreaking climate finance solutions in 2023.
The Lab is an investor-led initiative that runs an annual competition for innovative finance models and selects ideas that it then helps develop and commercialize.
This year’s six winners are working on solutions for transitioning degraded lands in Brazil to supporting climate startups in Africa. The cohort represents the Lab’s new focus on gender equity.
Created an Event in Sustainable Finance, Energy, Gender