The urgency to succeed in financing the energy transition and reorienting private capital to sustainable investments requires a comprehensive shift in how the financial system works. The role of major market participants, investors and policymakers in facilitating this shift is essential.
To develop more green and sustainable economic growth, this policy paper calls for the need to broaden access to the market through innovation and diversification, further develop global standards and taxonomies, enhance disclosure and reporting, fully incorporate fintech and digitisation, and fully address biodiversity and nature-related risks.
The future of finance should be green and sustainable. But to achieve this, it needs to be mindful of its environmental and social impacts, invest in the future and also protect the ecosystem.