While green finance markets have grown substantially in the past decade, most of the hard work of financing and implementing the low-carbon transition remains. The bulk of global economic activity remains emissions-intensive, and transition finance is still in its infancy. Long-term low-emissions strategies and associated policies to align with or converge towards net-zero emission pathways are needed quickly if this is truly to be the decade for climate action.
Further, effective market instruments for climate transition, and efficient market pricing of climate risks and opportunities, are critical to incentivise action and make progress towards climate and environmental objectives. These actions and other steps towards economic transformation, will need to occur in the context of ongoing COVID-19 challenges and recovery, and synergies between climate action and broader well-being objectives will need to be realised and maximized.
This pioneering annual event convenes leading actors across the green finance community to help catalyze and support the transition to a green, low-emissions and climate-resilient global economy.