Advancing the Debate
International standards, increased transparency, and agreement on definitions are needed to encourage creation of a thriving green finance sector. To help China develop a roadmap for innovative financing and investment in green projects, the Paulson Institute brings together leading experts – in large events, international symposia and targeted seminars – to advance the debate around innovative financing models.
Working closely with the People’s Bank of China Green Finance Committee and our international partners, the UN Environment Inquiry, Securities Industry and Financial Markets Association, the Institute of International Finance and other partners, the Paulson Institute is helping to develop policies that will drive a dynamic international green finance market.
We have convened numerous symposia to facilitate that process.
Given China has the world’s largest and fastest growing market globally for fintech, the Paulson Institute and the Center for Finance and Development at Tsinghua University’s National Institute of Financial Research co-hosted a roundtable discussion on fintech and the transformation role it could and should play in the development of green finance. The focus of the discussions centered on the growing global fintech trend, the best applications of fintech to facilitate green finance development, and necessity for tailored and creative government guidance of fintech to promote sustainable development.
The Paulson Institute co-hosted a “Roundtable Discussion on Belt & Road and Green Finance” attended by over 30 senior officials and experts from government agencies, commercial banks, international financial institutions, international organizations and NGOs. This meeting is part of a series of high-level roundtable discussions on green finance with our Chinese partner–the Center for Finance and Development of Tsinghua National Institute of Financial Research. The program explored the growing interest in green finance along the Belt & Road Initiative.
The Paulson Institute and partners—the United Nations Environment Programme, the Institute of International Finance, Securities Industry and Financial Markets Association, the European Banking Federation, and Bloomberg Philanthropies—co-hosted the fourth meeting of the Greening the Financial System series. This meeting recognized the rapid progress of green finance over recent years and focused on the opportunities regarding green finance as it continues to evolve with a particular emphasis on digital finance and China.
Initially launched to highlight the work and recommendations of the G20 Study Group on Green Finance—created when China held the G20 Presidency—the International Green Finance Forum is the premier event on this topic in China. It attracted 200 participants from international institutions around the world and was hosted by the Green Finance Committee of China. The Paulson Institute was a co-supporter of the event. Participants covered a broad range of topics, including the ongoing role of the G20 in driving change in this field, responsible investing, green finance and the Belt & Road Initiative, and how innovative financing is driving behavioral change.
The Paulson Institute co-hosted “Greening the Financial System: Enhancing Competitiveness Through Economic Development,” a high-level international roundtable discussion on green finance. The meeting, co-convened by the United Nations Environment Programme, Securities Industry and Financial Markets Association, Bloomberg Philanthropies, the Institute of International Finance, and the European Banking Federation, was the third in a series of roundtable discussions about greening the financial system.
On the margins of the International Monetary Fund/World Bank fall meetings, senior level international and U.S. experts convened for the “Greening the Financial System: From Momentum to Transformation” conference, hosted by the Paulson Institute with Securities Industry and Financial Markets Association, the United Nations Environment Programme, the Institute of International Finance, and Bloomberg Philanthropies. Central bank governors, bankers, environmental ministers, insurance firms, rating agencies, and others discussed disclosure, assessment standards, and the role of policy in incentivizing green investments.
Over 200 international experts on green finance convened in Shanghai to explore how countries can adopt the recommendations set forth by the G20 during its 2016 annual meeting in Hangzhou. At the G20 meeting, member countries for the first time reached consensus to develop a financial infrastructure that promotes investment in green development. The Institute co-sponsored the high-level green finance conference with the United Nations Environment Programme, Bloomberg Philanthropies, and China’s Green Finance Committee.
The Paulson Institute and the Chinese government’s Office of the Central Leading Group on Financial and Economic Affairs convened top Chinese securities, banking, insurance, energy and housing regulators, as well as leading U.S. and Chinese financial and industrial companies to discuss the U.S.-China Green Building Energy Efficiency Fund, which was announced in September 2015 during President Xi Jinping’s visit to the United States.
A symposium of global finance leaders, co-convened by the G20’s Green Finance Committee, Securities Industry and Financial Markets Association, the United Nations Environment Programme, the Institute of International Finance, and Bloomberg Philanthropies to provide input into the critical efforts of the G20 Green Finance Committee to develop mechanisms to promote the financing of environmentally sustainable projects. “The financial system should play an important role in promoting the green transformation of our economies,” said PBOC Governor Zhou Xiaochuan. “In China, establishing a green finance system has become a national strategy.”
The Paulson Institute, in partnership with China’s newly launched Green Finance Committee, held a seminar around green finance for clean technology in China. The aim of this initiative is to explore innovative financing vehicles to support the Chinese government’s ambitious plans to expand environmental protection and clean up polluted industry, in line with its goals for continuing economic growth and promoting urban sustainability.