The Inquiry into the Design of a Sustainable Financial System has been initiated by the United Nations Environment Programme to advance design options that would deliver a step change in the financial system’s effectiveness in mobilizing capital towards a green and inclusive economy.
This paper has been produced by the Inquiry’s Secretariat as an invitation to engage in its activities. It also provides a background briefing on the case for linking the development of the financial system with green and inclusive policy objectives, highlights emerging innovation across the world, and offers a set of questions and themes to frame inputs and feedback to the Inquiry’s work. This paper is based on an initial mapping of existing efforts to align the rules that govern the financial system with a green and inclusive economy, as well as inputs from the Inquiry’s Advisory Council and dialogue with policymakers, financial institutions and civil society organisations.
This working paper was produced for the early stage of the UN Environment Inquiry to provide an initial overview of the areas where the financial sector can have an impact on moving the green economy forward and the extent to which green financial policy is already actively being practised.
This Working Paper was commissioned by the UNEP Inquiry into the Design of a Sustainable Finance System (“the Inquiry”) to feed into its process of analysis and knowledge dissemination. This Working Paper has attempted to do three things:
Central banks have wide ranging effects on the economy and society as a whole.