New network of financial centres to promote green investment

More than 10 of the world’s financial centres have agreed to promote green and sustainable finance. Countries including Astana, Casablanca, Dublin, Hong Kong, London, Milan, Paris and Qatar have backed […]

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By Priyanka Shrestha

More than 10 of the world’s financial centres have agreed to promote green and sustainable finance.

Countries including Astana, Casablanca, Dublin, Hong Kong, London, Milan, Paris and Qatar have backed the Casablanca statement, agreeing to use their expertise to drive action on climate change and sustainable development.

The first global meeting of the financial centres was held in Casablanca, Kingdom of Morocco last week, where the nations agreed to expand the pipeline of green assets and products.

Sir Roger Gifford, Chairman of the City of London Corporation’s Green Finance Initiative said: “London is committed to working with other financial centres to grow the global market for green finance.

“This new network can help leverage the world’s capital markets in pursuit of climate change mitigation by sharing best practice and agreeing on common principles.