The Green Finance Institute launched today at the City of London Corporation’s flagship annual Green Finance Summit.
The formation of the Green Finance Institute was announced by the Chancellor in 2018 in response to the recommendation of the Green Finance Taskforce, and will play a vital role in ensuring the UK remains a world-leading market for green finance.
Speaking at the Summit, Sir Roger Gifford, Chair, Green Finance Institute and Senior Banker, Skandinaviska Enskilda Banken (SEB), said:
Considerable investment is required to catalyse the transition of the global economy towards a more sustainable future. It is critical that financial market participants and policymakers collaborate to co-create the solutions.
London’s standing as a global financial centre coupled with the UK Government’s track record of climate leadership, uniquely positions us to build on our reputation as the global hub for green finance. The Green Finance Institute is tasked with delivering on that ambition.
The Green Finance Institute is an independent, commercially focused organisation, supported by seed funding from HM Treasury, the Department for Business, Energy and Industrial Strategy and the City of London Corporation.
As the UK’s principal forum for public and private collaboration in green finance, the Green Finance Institute’s overarching mission is to accelerate the domestic and global transition to a zero-carbon and climate-resilient economy through mobilising capital.
Dr. Rhian-Mari Thomas OBE, CEO Green Finance Institute said:
The systemic risk posed by the climate crisis to financial services requires decisive action and a rapid pivot towards the opportunities presented by the zero-carbon economy. Box-ticking, sloganeering, greenwashing and relying on the heroic efforts of individuals won’t achieve the scale of the transformation required. Cross-sector collaboration and the focused application of the creativity, innovation and skills of the financial services industry to finance the global transition will.
To find out more about the Institute’s areas of focus please visit the new Green Finance Institute website.
The post Green Finance Institute Launches at the Green Finance Summit appeared first on Green Finance Initiative.
Subscribe to The Financial Analyst to get original opinion and all the latest news on trending financial topics and breaking stories related to analysis and global markets. If you have a tip or a financial opinion to share get in touch to submit your story.