Green finance for Global Public Investors addresses the long-term impact of climate change on financial market stability, and the implications for public investors. It features the opinions of senior commentators from European governments, sovereign funds and development banks, including the European Investment Bank, African Development Bank and Caisse des Dépôts.
In his introduction to the report, Wolfgang Schäuble, German Finance Minister, writes:
'Many of the challenges we are facing in the 21st century cannot be met by nation states alone: they require a concerted effort by the international community acting together. One of the most pressing challenges is climate change, which is expected to have a profound effect on financial market stability.
'It is this recognition which led to the focus on green finance within the Finance Track of Germany’s G20 presidency this year, where discussions have centred on improving the relevance of environmental data for financial analysis and enhancing environmental risk assessment in financial decision-making.
'By doing so, policy-makers hope to help raise awareness in the financial sector of the long-term implications of climate change, improve decision-making, and – together – contribute to a successful transition towards a low-carbon economy.'
Click here to read the report.