GREEN FINANCE - HOW DO WE UNLOCK GREEN FINANCE?

Greening the green, making the financial system work for the future

This parallel session will focus on the following 3 themes:

  • Enabling Environments for Sustainable Finance (10 January, 12:00 – 13:00)
  • Growth in Sustainable Banking, Insurance and Investment (10 January, 15:30 – 16:30)
  • Partnerships for financing a resilient, sustainable economy (11 January, 12:00 – 13:00)

Governments and financial supervisors are increasingly recognising the importance of sustainable finance to achieve financial stability and meeting the goals of the 2030 Agenda and the Paris Agreement. Large-scale private sector financing is critical in developing countries to transition to low-carbon and climate-resilient economies. The European Commission and several governments from developing countries and financial authorities are developing roadmaps and implementing measures to mobilise sustainable finance for green, inclusive economic growth to achieve the transition to sustainable, resource efficient, inclusive and resilient economies. Sharing experiences between developing countries on just transitions is an important element that will contribute to scaling up the best practices and extract the lessons learned that will inform future policy making.

Session 1 on “Enabling Environments for Sustainable Finance” will explore how policy makers and financial authorities are promoting green finance. The speakers will examine the current regulatory and policy measure and strategies that finance ministries and authorities are implementing to align market practice with climate and sustainable development objectives across Ministries. Lessons learned and best practices will be shared.

Session 2 on “Growth in Sustainable Banking, Insurance and Investment” will explore how policy makers and financial authorities are promoting green finance. The speakers will examine the current regulatory and policy measure and strategies that finance ministries and authorities are implementing to align market practice with climate and sustainable development objectives across Ministries. Panellists will also discuss lessons learned and good practices in their countries and institutions that have potential to be shared through knowledge sharing platforms and potentially and to be replicated in the future.

Session 3 on “Partnerships for financing a resilient, sustainable economy” will provide insight into good practice approaches to partnerships to harness the roles of key stakeholders including Government and local authorities and social partners; Private sector SME and Corporates; Development Financial Institutions; and Financial Institutions in mobilizing financing for a resilient and sustainable economy. How are public and private sector actors collaborating to transform banking, insurance and investment to address challenges and accelerate progress? The speakers will examine examples of partnerships to unlock the potential role of private finance in setting economic growth on a more sustainable path.