Working Group Sustainable Finance And Shifting The Trillions

The Foundations Platform F20 has initiated an international Sustainable Finance Working Group in collaboration with the Civil Society Organisation Germanwatch. It aims to deploy a finance lens on the overall mission of F20 and seeks to enable F20 partners to advance sustainable finance discussions. With the first round of a 2-year period starting in 2022, the working group looked at both climate-related challenges and opportunities that reside in the domain of sustainable finance. With its experts from a range of different academic and professional backgrounds the Sustainable Finance Working Group aims at conducting research, compiling briefings for the G7/G20 and sharing insights on sustainable finance. The first meeting of the group focused on Carbon Pricing Instruments (April 28^th) by exploring how to use fiscal tools to serve ambitious climate change mitigation strategies. The second meeting put emphasis on Transition and Blended Finance Schemes (September 23^rd) aiming for a broad geographical coverage including futureproof pathways for the Global North and the Global South. Recommendations of the working group shape the overall F20 recommendations to the G20.

Further, the working group also participated in the panel discussion on Sustainable Finance at this year’s F20 Climate Solutions Forum in September in Jakarta. We are pleased that this first year contributed to the writing of a policy paper and to the policy recommendations to the G20.