G20 Finance Ministers’ and Central Bank Governors’ Meeting
Session VIII – Green Finance and Climate Finance
Remarks by Angel Gurría,
Shanghai, 27 February 2016
(As prepared for delivery)
Chair, Ministers, Central Bank Governors,
I would like to elaborate, but only briefly, on the need for locking-in “quality” in our long-term growth, notably based on mechanisms for transitioning towards low-carbon infrastructure.
The successful COP 21 results remind us about the urgency of further mobilising green investment to move towards a decarbonised economy.
The role of government in mobilising green investment remains key and should translate into a variety of actions – as outlined in our report “Mapping Channels to Mobilise Institutional Investment in Sustainable Energy” :
Finally, the OECD has been asked by the COP21 French Presidency to develop further our work on the governance of investment by institutional investors related to environmental, social and governance risks. This work, closely related to the one carried out by the FSB industry-led Task Force on disclosure, will also contribute to G20 action work on greening investment.
We look forward to working with all of you to address those critical challenges for the global economy. Thank you!