Author: Maya Forstater
This report outlines key concerns and needs of developing countries in relation to green finance, particularly focusing on developing countries that are not members of the G20. It also highlights emerging innovations, drawing in particular from engagement with practitioners and regulators from Bangladesh, Colombia, Egypt, Honduras, Jordan, Kenya, Mauritius, Mongolia, Morocco, Nigeria, the Philippines, Thailand
Bangladesh has been a leader in developing policies to shape a greener and more inclusive financial system. It has a suite of green banking regulations and policies including concessional green refinancing, credit quotas for green finance and guidance and requirements on environmental due diligence. Green finance is growing but it remains modest compared to the scale of Bangladesh’s
This short paper provides an initial mapping of existing practice in G20 and other countries and, where relevant internationally, highlights areas of convergence and difference, as well as distinctions between green, climate, and sustainable finance. It covers: 1. Definitions of ‘green finance’ that countries adopted 2. Thematic typologies of green investment in particular industries 3.
Tomorrow’s financial system will not look like today’s. Possibilities will be shaped by new entrants and technologies and by shifts in the global economy’s centre of gravity. Crises and innovation may present unpredictable and alternative pathways of change. The Inquiry, with support from the OECD, therefore developed a set of scenarios to frame discussions of