G20 Green Finance Study Group: G20 Green Finance Synthesis Report 2016

The G20 GFSG has been launched under China’s Presidency of the G20. Its mandate is to “identify institutional and market barriers to green finance, and based on country experiences, develop options on how to enhance the ability of the financial system to mobilize private capital for green investment.” An initial program of five topics has covered three sectoral issues namely banking, the bond market, and institutional investors, as well as two cross-cutting topics, i.e., risk analysis and measuring progress. The GFSG recognizes, due to differences in local conditions, some options that are considered as good practices in one country may not be suitable for another country. It therefore has focused on stocktaking, knowledge sharing, and developing voluntary options for countries to choose from and for bilateral/multilateral collaboration. The GFSG has reviewed various country experiences and market practices, engaged with market participants, benefited from active participation from international organizations, and drawn contributions from research institutions. It has also worked closely with other international initiatives and G20 work streams, notably the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures and the G20 Climate Finance Study Group (CFSG).

Emerging from the GFSG’s work are a number of options for the G20 and country authorities, for consideration for voluntary adoption, to enhance the ability of the financial system to mobilize private capital for green investment.

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