Washington, DC, 16 April 2016 — The Paulson Institute and the Green Finance Committee of China Society for Finance and Banking convened a half-day symposium of global finance leaders and experts to discuss recommendations for the development of robust global green finance mechanisms and markets.
The recommendations coming out of the meetings will be provided to the G20 Green Finance Study Group, which is chaired by the People’s Bank of China and the Bank of England. The study group will finalize a synthesized report for the G20. SIFMA, Bloomberg Philanthropies and United Nations Environment Programme (UNEP) also co-hosted the event.
With China designating green finance as a priority issue during its presidency of this year’s G20 meeting, today’s symposium developed recommendations for the creation of more efficient financing mechanisms to support the green transformation of the global economy.
Recommendations included the need to mainstream environmental risk management in the investment decision-making process by banks and institutional investors, to develop the green bond market, to improve disclosure of environmental information by listed companies and bond issuers, to provide mechanisms to “de-risk” the adoption of green technologies. These efforts will greatly facilitate the mobilization of private capital for green investment that will address environmental and climate challenges.
Categories: Economic Indicators