G20 Green Finance Study Group Held Meeting in Beijing
On 25-26 January 2016, the first meeting of the newly launched G20 Green Finance Study Group (GFSG) was held in Beijing, China. The meeting was attended by delegations from all G20 members, as well as guest countries and relevant international organisations.This Study Group is co-chaired by China and the UK, with support from the United Nations Environment Programme (UNEP) as secretariat.
This first GFSG meeting was convened to discuss the Study Group’s objectives and research subjects as part of the work programme for 2016. It was agreed that the GFSG would identify institutional and market barriers to green finance and, based on country experiences and best practices, analyse options on how to enhance the ability of the financial system to mobilize private green investment, thereby facilitating the green transformation of the global economy. The GFSG will prepare a synthesis report, which will draw from the findings on the selected research subjects, before the July G20 finance minister and central bank governor meeting. The GFSG will collaborate with other G20 groups and related external initiatives. It will also engage with the private financial community to benefit from its expertise and experience. The second meeting of the GFSG will take place in London, United Kingdom on 22 March 2016.