The G20 and Green Finance – The Quiet Revolution


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Across the world, a quiet revolution is underway in public policy and private institutional innovations for a more sustainable global financial system. A new report from the United Nations Environment Programme (UNEP), The Financial System We Need, captures this momentum to harness the world’s financial system for the transition to a low-carbon, green economy.

Following the launch in 2015 of the Sustainable Development Goals, along with the successful Paris climate agreement, 2016 looks set to be the ‘year of green finance,’ focusing on the operational measures needed to mobilize the trillions of dollars required for the transition. Spearheading this movement, China intends to place a special focus on green finance in 2016 under its G20 presidency. The United States now has an historic opportunity to advance leadership on green finance internationally, as well as to scale-up domestic innovations already in place.

PARTICIPANTS

John Lipsky

John Lipsky was the managing director at the IMF from 2006 to 2011 and currently serves as an advisor to the UNEP Inquiry.

David Livingston

David Livingston is an associate in Carnegie’s Energy and Climate Program.

Michelle Patron

Michelle Patron served as special assistant to U.S. President Barack Obama and senior director for energy and climate on the U.S. National Security Council from 2013 to 2015.

Jay Shambaugh

Jay Shambaugh is a member of the White House Council of Economic Advisers.

Simon Zadek

Simon Zadek is co-director of the UNEP Inquiry and a senior fellow at the International Institute for Sustainable Development.

Location

Carnegie Endowment for International Peace
1779 Massachusetts Ave NW
Washington DC 20036

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