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Why developing nations are the unlikely leaders of green finance

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26 Jan Why developing nations are the unlikely leaders of green finance

On 10 Jan 2017, the Singapore Management University (SMU), United Nations Environment (UNEP), and the Singapore Institute of International Affairs (SIIA) jointly organised a public event on ‘Singapore, Green Finance and the Collaborative Challenge’. In addition to our own summary of the session, the event was also covered by Eco-Business and Climate Action.


Why developing nations are the unlikely leaders of green finance

by Hannah Koh

Developing countries are the unlikely drivers of green finance innovation and they are also leading the way in the use of fintech such as mobile payments. But collaboration is key to making green finance work at scale, said panellists at the Singapore, Green Finance and the Collaborative Challenge event last week.

Jointly organised by Singapore Management University (SMU), the United Nations Environment Programme (UNEP), and the Singapore Institute of International Affairs (SIIA), the dialogue featured speakers from the finance sector and national and international regulatory bodies sharing their views on how collaboration can make money work for the public good.

Green finance, or investments that contribute towards a sustainable, low-carbon and climate-resilient economy, has been touted by experts as a way to drive carbon reduction strategies and achieve sustainable development goals.

Simon ​Zadek, co-director, ​UNEP ​Inquiry ​into ​the ​Design ​of ​a ​Sustainable ​Financial ​System – which engages, informs and guides policy makers, financial market actors and other stakeholders in the transition of the global economy to a low carbon, green economy – told the 100-strong audience that much of the innovation in green finance is not coming from where the major capital pools are, but from developing nations such as Mongolia, Kenya, Bangladesh, Chile, Peru and Colombia.

Full Article: Why developing nations are the unlikely leaders of green finance [Eco-Business, 17 Jan 2017]


Green finance is being driven by developing nations

At the recent Singapore, Green Finance and the Collaborative Challenge event, experts concluded developing countries are leading innovation in green finance; however, to be successful they require strong cross-sector partnerships.

The event was organised by the United Nations Environment Programme (UNEP), Singapore Management University (SMU), and the Singapore Institute of International Affairs (SIIA), and brought together representatives from the financial sector and national and international regulatory bodies.

Experts shared their insights on the nexus between sustainable finance and collaborative action, as well as highlighting the role of sustainable finance in developing carbon-reduction strategies and achieving the Sustainable Development Goals (SDGs).

Full Article: Green finance is being driven by developing nations [Climate Action, 16 Jan 2017]