This is “a critical moment for the future of our planet and its people,” Naoko Ishii, CEO and chair of the Global Environment Facility, told the opening session of the GEF Council Sunday in Da Nang. The GEF is a major impact investor in environmental programs worldwide.
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Many of the world’s most prestigious universities are pooling their wisdom in a new alliance to “help scale-up the green finance sector.” One of their first considerations is impact investing – measuring social impact alongside business results.
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“Growth will be short-term if it is based on depleting natural capital such as forests and fisheries. What our research has shown is that the value of natural capital per person tends to rise with income,” says Karin Kemper, senior director, Environment and Natural Resources Global Practice at The World Bank.
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An EU-wide label for green investment funds, a European standard for green bonds, and a classification system to provide market clarity on what is sustainable are recommended in the final report of the High-Level Expert Group on Sustainable Finance, published this week.
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Two years to the day after the historic Paris Agreement on climate, more than 50 heads of state, bank and finance executives and celebrities are meeting today to drive action to finance global efforts to meet the goals of the agreement.
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Between 1980 and 2015, more than 60 percent of the people who lost their lives as a result of climate-related extreme weather events had an income of less than US$3 a day, according to the reinsurance company Munich Re in 2016.
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Trillions of dollars will need to be deployed each year to finance climate action and sustainability, and China is leading the way toward raising these funds, finds new research released Thursday.
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First the numbers. Financial investors and leaders of more than 30 faith traditions representing over 500 faith investment groups from eight religions with some three trillion dollars in assets, will meet in Zug this month.
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Imagine being without a bank account, having no means of carrying out formal financial transactions, storing money, sending and receiving payments. That is the case for roughly 40 percent of the world’s working-age adults, about two billion people.
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The market for Green Bonds is developing rapidly, proving effective at channeling money into environmental projects. Offering insights into this fledgling, but fast-growing, market, “Environmental Finance,” has just announced its latest Green Bond Award winners.
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The world’s largest cities are not sitting around waiting for national governments to hand them a climate-safe future. They are taking the initiative to build their own low-carbon opportunities.
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The European Investment Fund and Nest Bank earlier this month signed a microfinance agreement aimed at supporting micro-businesses in Poland under the new EU Programme for Employment and Social Innovation (EaSI).
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Just three days before he left office on January 20, U.S. President Barack Obama transferred a second installment of US$500 million to the Green Climate Fund, based in South Korea’s Songdo International Business District.
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Nineteen global banks and investors, worth a total of US$6.6 trillion in assets, have agreed on a set of standards for financing sustainable development framed as the first-ever Principles for Positive Impact Finance.
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