May / 21 / 2018
May / 26 / 2018
In May 120 policy makers, financial regulators, and practitioners from over 35 countries in Asia, Africa, and Latin America met for the Global Green Finance Leadership Program (GFLP) met in Beijing to discuss possibilities for greening their economies and to debate innovative financing and policy tools to mobilize capital towards low carbon investments. Participants presented and discussed recent achievements and policy innovations from China in the world of green finance. They looked at established green taxonomies for investment (such as the Chinese green bonds guidelines), discussed booming green bond markets, and learned about preferential regulatory treatment for green financial assets as well as pilot programs, such as loans for solar energy panels that pose no direct cost to project owners. Especially interesting for LAC stakeholders is China’s growing capital market, which permits the issuance of foreign green bonds or “Panda Bonds”, meaning that LAC countries have access to one of the world’s largest markets for climate financing. The GFLP was an eye-opening knowledge-sharing experience for the participants that revealed practicable approaches to a greener economy.
These approaches will be further developed with the initiation of 9 working groups, ranging in topic from financing green SMEs to green finance taxonomy to incentive structures for international engagement.