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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 Event in Sustainable Finance, Climate Change
Created a Post in Sustainable Finance
What is transition finance?
A new type of green finance has emerged and, rather than simply blacklisting “bad” companies, it is offering even the heaviest polluters a pathway to a greener future
Created a Post in Climate Change, Sustainable Finance
The incoming Treasury secretary in the US says “We need public policy oriented toward making a big difference on climate change”
Created a Post in Cities and Urban Development, Energy, Sustainable Finance
Camille Andre - check out this new ADB report on green bonds and other finance instruments for climate-resilient infrastructure and investment opportunities that can support the Philippines in achieving a low carbon economy
COVID-19 and policy responses through the lens of global asset markets and capital flows
Key UNFCCC Finance Committee Gears Up for Action Ahead of COP26
Is ethical investing the key to avoid future pandemics? Raconteur’s Sustainable Investment special report, published in The Times, examines how green investment could be the secret to post-pandemic recovery, the UK’s unique position to work towards a net-zero future, debunking ESG myths, and more.
EU 'did not properly consider conflicts of interest' over BlackRock contract
Hiring of investor to advise on environmental regulation for banks looked into by watchdog
'Emissions disclosure alone is not enough': Sir Chris Hohn launches investor campaign for AGM climate votes
Billionaire investor Sir Christopher Hohn has urged global investors to advocate for the introduction of annual climate votes at shareholder meetings, a move he claims will help slash greenhouse gas emissions across the private sector.