Green finance can only grow and have its desired positive impact on the climate and biodiversity with the relevant policies. Policies for green finance can be issued, for example, by the Ministries of Finance, the Central Banks, the Financial oversight, the stock exchanges, industry associations, multilateral development banks, private initiatives as well as many other institutions.
On Friday, March 27, 2020, the Belt and Road Initiative Green Coalition (BRIGC) under the guidance of the Chinese Ministry of Ecology and Environment (MEE) organized an online-meeting to discuss the first version of the “Green Light System” (Chinese: 交通灯) for the Belt and Road Initiative (BRI). The following article…
The Belt and Road Initiative International Green Development Coalition (BRIGC) was established after the second Belt and Road Forum in April 2019. The BRIGC is supervised by the Chinese Ministry of Ecology and Environment (MEE) with its own secretariat. The main goal of the BRIGC is “to promote international consensus,…
On March 27, 2020, the First Consultation Meeting of Joint Research on “Green Development Guidance for BRI Projects” (the “Green Light” System) was held via videoconference. The BRI “Green Light System” aims to explore the formulation of guidelines on the assessment and classification of BRI projects and provide guidance for…
The original interview with Prof. Yao Wang in Chinese can be found here. Translation by Yiwei Qi. What contribution will the Belt and Road Initiative (BRI) make to tackling climate change and realizing global green and sustainable development? What impacts and opportunities will green and low-carbon development path bring to…
Natural ecosystems have declined by 47% compared to their earliest estimated state, 25% of species are already threatened with extinction, the biomass of wild animals has decreased by 82%. The losses to biodiversity and its consequences on both economies and our Earth’s well-being are becoming more evident, while the world…
Green finance in the Belt and Road Initiative (BRI) that deals with climate change by mitigation or adaptation has received much attention over the past months. A topic that is gaining momentum for a “green Belt and Road Initiative” is green finance for biodiversity – or biofin. Three reasons drive…
While green bonds remain the most mature instruments, a wide range of innovative financial solutions are rapidly developing. Issuing green bonds, i.e. bonds whose proceeds are earmarked for funding climate and environmental-friendly projects, is an effective and increasingly popular way to achieve this end. In just over a decade, annual…
MDBs are increasing their involvement in sustainable infrastructure finance by scaling up climate investments and by integrating social and environmental issues into their general financing requirements as a cross-cutting issue. Based on their characteristics MDBs can play a number of important roles in greening the BRI. For the context of…
Editorial Note The Belt and Road Initiative (BRI), since its initiation and implementation, has brought new opportunities for global economic development, particularly sustainable economic development of BRI countries. As of 18 April 2019, new progress had been made under the BRI in terms of policy coordination, infrastructure building, unimpeded trade,…
On the surface, the global community agrees: We need sustainable development – for the benefit of all. However, in practice, the devil lies in the details – and in different priorities of nations and organizations in trying to achieve the triple bottom line: economic growth, social development, and ecological protection.…
