Achieving the objectives of the Paris Agreement and broader set of environmental objectives linked to the Sustainable Development Goals (SDGs) will require:
- domestic ambition to rapidly and efficiently decarbonise and enhance resilience in all sectors
- well-aligned policies across the whole of government
- strong and consistent signalling and well-targeted policy interventions to engage and mobilise industry and private finance, combined with a conducive investment environment
- increased global co-operation between state and non-state actors, including financial and technical support for developing countries
- monitoring of progress in green investment and financing and of environmental outcomes
Policies need to be cost-effective and supported by robust, evidence-based analysis, and reflect an understanding of the perspectives and constraints of investors, who will be the engine of the transition to a green and sustainable economy.
AGENDA AND ISSUES FOR DISCUSSION
The agenda, currently being developed, will include four main themes for discussion:
- From short-term actions to long-term ambition, to take stock of progress made since Paris (the action), and what to expect in the next 5-15 years (the ambition). The GIFF will discuss short and long-term actions needed to meet the Paris Agreement, such as the NDCs, as well as the SDGs; and will also examine the role of global actors and international institutions to unlock green finance at the global level in support of low-carbon pathways, as well as key priorities for domestic policy makers to develop investment-grade domestic policy frameworks to mobilise green infrastructure investment.
- Opportunities for green investment: better planning and mobilisation. The GIFF will highlight key issues related to designing, developing and delivering pipelines of green infrastructure projects, in support of national low-carbon plans. It will also discuss the potential need to move away from a project-based approach towards programmatic or more holistic approaches. It will also discuss key opportunities and challenges for unlocking financing for green innovation and explore the role of institutions and interventions to de-risk and mobilise investment in green projects.
- Driving the low-carbon transition through a sustainable financial system. The GIFF will raise key issues to ensure the financial system can deliver the transition to a low-carbon, climate-resilient economy, e.g. related to macro-economic issues of financial stability, systemic risks, accounting rules, fiduciary duty and climate disclosure. Discussions will build on key initiatives such as the FSB Task Force on Climate-Related Financial Disclosures (TCFD) and the EU High-Level Expert Group (HLEG) on Sustainable Finance. This year's forum will also highlight barriers at micro-level to mainstreaming climate disclosure in portfolio asset allocation and risk management of institutional investors and asset managers, drawing on relevant OECD work.
- Channels for green finance and investment, including: key approaches for funding green projects in cities; the role green bonds; investment and financing platforms to channel institutional investment to green infrastructure in developing and emerging economies, such as blended finance; and financing for adaptation.
TO ATTEND THE FORUM
Please kindly register your participation if you are interested in joining this event.
Institutional Investors and Long-Term Investment
Fragmentation in clean energy investment and financing
OECD Centre on Green Finance and Investment
OECD Green Investment Financing Forum: Background
3rd OECD Green Investment Financing Forum
2nd OECD Green Investment Financing Forum
First OECD Green Investment Financing Forum
For information, please contact Robert Youngman, Hideki Takada, Geraldine Ang or GIFF@oecd.org.