Greening the Financial System: Enhancing Competitiveness Through Economic Development - Briefing

This briefing summarises discussions from a roundtable for market and policy leaders held in Washington, D.C. on 20 April 2017, focused on pathways to scale and accelerate green finance and its contribution to long-term sustainable growth and competitiveness. It reports that green finance had gained prominence, supported by new financial products enabling investment in environmentally sustainable and resilient businesses and infrastructure. The briefing highlights the potential of recommendations on climate-related financial disclosures to increase visibility of environmental risks and influence investment and lending decisions, with early evidence of effects on innovation, strategy, and organisational culture. It also emphasises the importance of coordinated public and private action, blended finance, development banks and financial institutions, and financial technology in mobilising private capital and expanding green finance