17 Apr '18, 12pm

It’s time for the global financial system to step up #ClimateAction https://t.co/aJRt91r7SQ

Washington, D.C., 17 April 2018 – Huge progress on reforming the global financial system over the last four years has started to deliver desperately needed financing for sustainability and set up the next wave of action, according to a new United Nations report released today. However, the final report of the UN Environment Inquiry into the Design of a Sustainable Financial System cautions that current financial flows are still nowhere near enough to deliver the trillions of dollars needed each year to finance the Sustainable Development Goals and the Paris Agreement. “Over the four years of the Inquiry’s operations, we have seen reform of the global financial system gather pace as banks, investors and regulators realize they must step up – not just to protect people and the planet, but their bottom lines,” said Erik Solheim, head of UN Environment. “This is hugely encoura...

Full article: https://unfccc.int/news/growing-financial-sector-reform-s...

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