By Ifeoma Asika, Correspondent Campuses
The European Bank for Reconstruction and Development (EBRD) and the Annual Investment Meeting (AIM) are organizing a webinar “Scaling up Green Financing: Accelerating support towards Green, Innovative Investments and Building a Resilient Future” on Thursday September 3, 2020, at 12:30 UK time (15:30 Dubai time).
The current pandemic poses a major risk for the global economy, exposing financial vulnerabilities, and testing the post-financial crisis economic model. Sustainable investing is very much part of COVID-19 response, governments, central banks, investors and financial institutions, have a vital role to play in investing in a green economy. The world requires €6.2 trillion(US$7.38trillion) of investment by 2030 to limit global warming to 2 degrees.
The ESG investment and sustainable bond had gained a lot of traction before COVID and pulled in around US$130 billion in sustainable options in 2019. The green bond market, which is one of the bellwethers of ESG pulled in US$300 billion in the same year. Despite COVID, the issuance of green, social, and sustainable bonds reached US$120.1 billion in April 2020 due to COVID theme social bond issuances.
This session will cover the following:
• The Green Economy Transition approach to help countries build low carbon & resilient future.
• Boosting investments towards a green economy, promoting renewable energy and combating climate change.
• Discussing the policy requirements for standardization of green finance practice, supporting market development for green investments at a global level & supporting developing countries in developing and implementing national sustainable finance roadmaps Closing the US$2.5 trillion SDG Financing Gap.