The role of regulators and supervisors in greening the financial sector has gone from pioneer to core in less than two years, with international cooperation and initiatives such as the NGFS Network been fundamental in creating a common understanding of the challenges ahead but also of the opportunities that could be created within sustainable financial markets. As the sustainable finance agenda evolves on both sides of the Atlantic Ocean, COP25 presents a natural space to generate dialogue between the actors of the two regions, with the aim of sharing experiences and knowledge, as well as identifying common and real points where greater cooperation should be developed.
DATE: December 11, 2019
The Inter-American Development Bank (IDB) has joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) as an observer. The NGFS enhances the role of the financial system to manage climate change risks and to mobilize capital for green and low-carbon investments.