International Cooperation
International Cooperation Team at IIGF consistently monitors global trends and best practices in green finance and examines the effectiveness of the policies and regulations, and institutional arrangements in other countries to identify success factors in international policies. International Team also leads efforts to harmonization in global green/sustainable finance standards, such as developing the SDG Finance Taxonomy for UNDP and developing Common Language in Green Finance. The team is currently mapping the development of green finance in the 50 countries with the biggest GDP.
The International Cooperation Team strives to build meaningful partnerships with International Organizations, support research and knowledge exchange with partners including the UNDP, the World Bank Group, the IEA, the OECD, the UK Government, GIZ, the AFD, the ADB, the Natural Resources Defense Council (NRDC), the World Resources Institute(WRI), KR Foundation, Energy Foundation, Climate Policy Initiative (CPI), Deutsche Börse Group, ING, Oxford University, Stanford University and Global Research Alliance for Sustainable Finance and Investment.
Research outputs:
Blue Book of Green Finance officially launched
On February 22, 2023, the International Institute of Green Finance（IIGF）, Central University of Finance and Economics（CUFE） and Social Science Academic Press jointly organized the launch of the Blue Book of Green Finance, including the Annual Report On The Development of Global Green Finance (2022).
In November 2022, Julia Mao, Director of the International Cooperation Department of the International Institute of Green Finance (IIGF) of CUFE,delivered a keynote lecture themed “Introduction to Green Finance.” It was part of the Expert Lecture Series under “Lancang-Mekong Cooperation on Connectivity and Green Finance.”
Which countries lead in green finance?
Overall, GGFDI results show that the development of green finance is very uneven across countries. France is ranked first among the 55 countries by the GGFDI score. The other countries in the top 10 list include….
The Global Green Finance Development Index (GGFDI)
The Global Green Finance Development Index and country rankings measures the green finance progress in world’s 55 largest economies. The GGFDI introduces the development of global green finance, summarizes the characteristics of green finance development in different regions, and discusses the challenges of promoting global green finance and the policy priorities in dealing with the challenges. It aims to promote global action on green finance, deepen international cooperation, contribute to the pace of global action to climate change and sustainable development.
Green Finance in Brazil and Prospects for Sino-Brazilian Cooperation
Brazil is one of the most biodiverse countries in the world, hosting between 15 and 20 percent of the world’s biodiversity. It also has vast natural resource reserves,such as water, forests, petroleum, and minerals and holds around 12% of the world’s freshwater. Due to the abundance of natural resources in Brazil, the country’s economy is now highly dependent on ecosystem services. As an emerging economy with still growing energy needs and widespread environmental damage from decades of natural resource exploitation and Brazil is faced with many challanges. Can the green finance help the country enter on the patyh of sustainable development?
The article provides a very comprehensive summary of the development of green finance in Brazil by analyzing the relevant policy framework, the state of the market and Brazil’s engagement in international cooperation frameworks. Being on of the most biodiverse countries in the world, and engagament from the financial sector is needed to enrure sustainable use of its natural resources.
This article is result of the Global Green Finance Development Index and country rankings measures the progress of green finance in world’s 55 largest economies.
Financing Sustainable Infrastructure in Asia
While substantial progress has been
achieved on sustainable development in
Asia and the Pacific, the challenges remain
large and ways in which to overcome them have to be integrated into infrastructure development. Rapid progress is needed to set the region on track to meet the SDGs, towards which the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) (2018) estimates that only one of 17 goals is “on track” to be met.
In the context of financing sustainable infrastructure in Asia-Pacific, five categories of challenges were recognized: institutional framework; project financiers; project owners; financial markets; and standards. Addressing these challenges, the paper has identified four central ways to promote sustainable infrastructure financing in Asia.
The Role of Multilateral Development Banks in Green Finance
In 2016, all MDBs together provided over $27bn on addressing climate change and they are encouraged by the UN to increase their contribution within sustainable development. Given their mandate, size, and influence, MDBs play a critical role in reaching the Sustainable Development Goals (SDGs). The purpose of the paper is to analyze how MDBs can use their characteristics to address the challenges associated with scaling up green finance.
Sustainable Finance in Asia: Helping Asian Green Bond Issuers to Access International Capital Markets
While use of sustainable debt-financing tools such as green bonds, sustainability bonds, social bonds, green loans, and sustainability linked loans is growing rapidly, green bonds remain the most developed instrument, with the largest cumulative scale, the longest history, the most-developed regulatory framework and the best verification practices.
This report provides marries recommendations with case studies of individual organizations, who have issued green bonds in the past. From this outset the report identifies three key ways in which Asian green bond issuers can be assisted in accessing global capital markets at the policy level.