15 Jul '17, 6am

#G20, world make huge strides on green finance in just one year:

Nairobi/Berlin, 14 July 2017 – The G20 and other nations have taken huge strides over the last year towards mobilizing the trillions of dollars of public and private capital needed to make sustainable development and climate action a reality, according to new UN Environment research released today. UN Conference on Trade and Development research from 2015 showed that the investment required to bring sustainable development in developing countries was short US$2.5 trillion each year, with as much as ten times that needed globally in the years to come – mainly from private sources. However, the UN Environment Inquiry into the Design of a Sustainable Financial System’s Green Finance Progress Report – a contribution to the G20’s Green Finance Study Group (GFSG) – finds dozens of encouraging policies and financial product developments that show the public and private sectors ar...

Full article: http://www.unep.org/newscentre/g20-world-makes-huge-strid...

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