The Policy Initiative on Sustainable Finance was launched in June 2016 and currently covers two core themes: (i) sustainable infrastructure finance and (ii) greening the banking system.
(I) Sustainable Infrastructure Finance:
At the EPF-IISD Roundtable on Sustainable Infrastructure Development and Finance the new working group on sustainable infrastructure finance was formed. One of the key outcomes of the first roundtable discussion was the identification of the lack of a clear and tangible business case for private financiers to invest in sustainable infrastructure as a major impediment for effective sustainable infrastructure development. The working group therefore focuses on developing practical guidelines for stakeholders such as institutional investors, infrastructure project developers, governments etc., and identifying roles and intervention points for these stakeholders in bringing forward sustainable infrastructure finance. This may include, for instance, adequate de-risking mechanisms provided by development finance institutions to crowd-in private investors. For more information on the Policy Initiative on Sustainable Infrastructure, read here.
Two GIZ programmes, the Emerging Market Sustainability Dialogues (EMSD) and the Financing for Sustainable Development project, jointly launched a Call for Proposals on the theme “Think AAAA: Translating the Addis Agenda into Practice”. One of the two winning proposals was “Mobilizing Private Capital for Investments in Green Energy” by EPF member Observer Research Foundation (ORF) from India, the Centre for Chinese Studies at Stellenbosch University of South Africa, and the Poize Institute for Women’s Policy Research from Nigeria. With the proposal focussing on the greening of banking standards, and Basel III in particular, it sets the starting point for EPF’s work on greening the banking system.
In addition to the two abovementioned core themes, EPF works on sustainable finance issues closely together with its sister network, the Emerging Markets Dialogue on Finance which has the objective to redirect capital towards climate- and eco-friendly investments in order to enable the transformation towards low-carbon, resource-efficient economies. This includes, for instance, the development of environmental risk management and stress testing tools as well as the support of sustainable green bond market growth in G20 emerging economies.
- Launch of Policy Initiative
- Concept Note for Joint Policy Papers
Research Project Proposals ThinkAAAA have been selected.
The concept note for Sustainable Infrastructure Financing group is currently being developed.
- Peer-review of Draft Working Papers
- Publication of Policy Papers
- Integration into Reform Agendas