Mobilising the world’s financial centres is essential to make progress on climate change and sustainable development. They are the key places where the expansion of green and sustainable financial services will need to be accelerated across banking, capital markets, investment and insurance. Thus when over 10 of the world’s leading financial centres agreed to promote strategic action on green and sustainable finance, at the first-ever international meeting of financial centres, it sent a message to the rest of the world that the time for action was now.
At the event held in Casablanca, financial centres including Astana, Casablanca, Dublin, Hong Kong, Milan, London, Luxembourg, Milan, Paris, Qatar, Shanghai and Stockholm backed the Casablanca statement, agreeing to harness their expertise to drive action on climate change and sustainable development.
At the event Nick Robins, Co-director of the UN Environment Inquiry said, “cooperation on sustainable finance is not only essential, it is also very possible, as this new network shows. The network has the potential to drive a step change in sustainable finance in the year ahead.”