Greening of financial system ‘has doubled’, says UN Environment

Policies to increase the impact of green finance have more than doubled around the globe in five years, according to the second edition of the UN Environment report ‘The Financial System We Need’

Policies to increase the impact of green finance have more than doubled around the globe in five years, according to the second edition of the UN Environment report ‘The Financial System We Need’.

A survey conducted for the report found there were 217 policy and regulatory measures to promote green finance, in almost 60 countries, by mid-2016. These include guidelines to establish a green financial system in China, new financial reporting requirements in France to assess climate-related risks and a public-private disaster insurance pool to make disaster insurance compulsory for homeowners and SMEs in the Philippines.

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