BEIJING, Aug. 19, 2019 - Over 150 delegates from 40 global banks, investment firms and international organizations gathered in Beijing for the First Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP), a major drive to promote environmentally responsible investments under the Belt & Road Initiative.
Launched by China Green Finance Committee and the City of London in November 2018, the GIP is a set of principles dedicated to promoting eco-conscious investment in the Belt and Road region. Thirty global institutions, including some of the region's top lenders, have signed up to the GIP. Today's gathering is the first by the GIP members as they seek ways to implement the principles.
"In the coming decades, most of the world's infrastructure investment will be hosted by the Belt and Road region, which will have profound impact on climate and the environment," said Dr. Ma Jun, Chairman of China Green Finance Committee. "The goal of the GIP is to encourage and assist signatories better integrating environmental considerations into decision-making and implementation process of their investments in the region."
To support the implementation of the GIP and help enhance the signatories' green investment capacities, a Secretariat has been established with offices in Beijing and London. A green project database will also be developed as an information platform between lenders and project owners.