From November 30 to December 1, 2018, the 13th G20 Leaders Summit was held in Buenos Aires, Argentina, where world leaders discussed issues such as the world economy, trade and investment, sustainable development, infrastructure and climate change. The G20 Leaders’ Declaration was released after the Summit, in which the G20 Leaders acknowledged the importance of mobilizing sustainable finance and welcomed the Sustainable Finance Synthesis Report 2018.
“Mobilizing sustainable finance and strengthening financial inclusion are important for global growth. We welcome the Sustainable Finance Synthesis Report 2018, which presents voluntary options to support deployment of sustainable private capital.”
This is the third time that green finance has been written into the G20 Leaders' documents since the establishment of the G20 Green Finance Study Group (GFSG) in 2016. They were the G20 Leaders Hangzhou Summit Declaration (September 2016), The G20 Hamburg Action Plan (July 2017), the G20 Buenos Aires Declaration and Buenos Aires Action Plan (December 2018).
The Sustainable Finance Study Group is co-chaired by Dr. Ma Jun, Special Advisor to the Governor of the People's Bank of China, and Michael Sheren, Senior Advisor of the Bank of England.
Since 2018, the Sustainable Financial Study Group is mandated to develop and assess options for voluntary adoption by G20 members to help deploy sustainable financing, including by: a) creating sustainable assets for capital markets; b) developing sustainable Private Equity and Venture Capital (PE/VC); and c) exploring potential applications of digital technologies to sustainable finance, taking into account countries’ circumstances, priorities and needs. These options and more information have been put into the Sustainable Finance Synthesis Report 2018, which could be found in the link below.
Download the G20 Leaders' Buenos Aires Declaration
Download the G20 Sustainable Finance Synthesis Report 2018