Green Finance: A Growing Imperative - Brief

This briefing outlines the urgent requirement to transform the global financial system to fund a sustainable economic transition, given that traditional environmental regulations and pricing reforms are insufficient. Although market-based innovations like green bonds have emerged, green finance remains limited. Scaling this initiative requires international public-private collaboration to standardise criteria, improve environmental risk disclosures, and use concessionary public finance. Additionally, individual governments and international platforms like the Group of Twenty play vital roles in establishing predictable policies and harmonising definitions to unlock private capital markets.