The G20 Summit was held this year in Hangzhou, China on September 4-5 and one of the major topics might surprise many. Green finance was on the agenda for the first time. Prior to the Summit, a G20 Green Finance Study Group that was co-chaired by China and the UK and had more than 80 people involved issued a report. They identified the major challenges to green finance and laid out key options to consider.
As described on one website, “Green finance, generally defined, is the act of setting up market and policy tools for the financing of public and private sustainable investments. The main goals for green finance in China are to increase return on green investments and decrease the return on polluting investments. In this way, green finance can help restructure China’s market towards a more sustainable economy, and reduce pollution and greenhouse gas emissions.”
Learn more about Green Finance and about the steps that were taken at the G20 Summit.