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Fostering sustainable global growth through green finance – what role for the G20?

Abstract: 
"For a 2°C compatible pathway, the G20 countries face an enormous investment gap. However, public spending will not suffice to finance the green transformation. In fact, a significant amount of private investment is required. It is therefore important to align the financial system – banking, capital markets and insurance – with sustainable development. To increase green investments and align financial markets with sustainable development, the G20 should 1) promote the standardization of green finance practices, 2) enhance the transparency of information by promoting disclosure standards for carbon and environmental risks; 3) support market development for green investments at a global level; and 4) support developing countries in developing and implementing national sustainable finance roadmaps."
Author: 
Kathrin Berensmann et al.
Institution: 
German Development Institute, DIE
Year: 
2017
Input By: 
Alexandra Angelo
Affiliation: 
Massachusetts Institute of Technology
Region(s): 
Industry Focus: 
Information & Telecommunication
Legal & Financial
Datatype(s): 
Bibliographies & Reports
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