The G20 Green Finance Synthesis Report underway

On June 21, 2016, the fourth meeting of the G20 Green Finance Study Group was held in Xiamen. The meeting was hosted by Co-chairs from the People’s Bank of China and the Bank of England. Delegates from G20 countries, invited guest countries and International Organizations participated in the meeting. The delegates discussed and agreed in principle on the G20 Green Finance Synthesis Report, which would be submitted to the June G20 Finance and Central Bank Deputies Xiamen Meeting. The study group will further revise and submit the Report to the July G20 Finance Ministers and Central Bank Governors Chengdu Meeting.

On 25-26 January 2016, the first meeting of the newly launched G20 Green Finance Study Group (GFSG) was held in Beijing, China. The meeting was attended by delegations from all G20 members, as well as 5 invited countries and 6 international organisations. This Study Group is co-chaired by China and the UK, with support from the United Nations Environment Programme (UNEP) as secretariat.

This first GFSG meeting was convened to discuss the Study Group’s objectives and research subjects as part of the work programme for 2016. Areas of research were decided following a day and a half of discussions, with participants providing insights into the various options.

It was agreed that the GFSG would identify institutional and market barriers to green finance and, based on country experiences and best practices, analyse options on how to enhance the ability of the financial system to mobilize private green investment, thereby facilitating the green transformation of the global economy.

The GFSG will prepare a synthesis report, which will draw from the findings on the selected research subjects, before the July G20 finance minister and central bank governor meeting.

The GFSG will collaborate with other G20 groups and related external initiatives. It will also engage with the private financial community to benefit from its expertise and experience.

Source: http://www.g20chn.com/xwzxEnglish/last_events/201607/t20160707_3017.html; http://www.unep.org/Documents.Multilingual/Default.asp?DocumentID=27058&ArticleID=35902&l=en

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