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The role of central banks in developing sustainable finance in Africa

COP 28 side-event organised by 2DII.

🎯Highlighting recent initiatives among African central banks to support the development of sustainable finance.

 

Description: The side-event aims at highlighting best practices among central banks to foster the development of sustainable practices in the finance sector. Local governments and international financiers often trigger large initiatives which can translate in regulations or technical work conducted by central banks. Those specific players can therefore play a pivotal role to develop different tools and mobilize financial institutions (banks, insurance companies, microfinance institutions). All players can be involved in such initiatives.

Regulators can make use of the regulation as a lever to develop sustainable finance and are best placed to create central contact points for financial institutions to liaise with governments, international organisations and institutional investors.

The side event will build upon the expertise and experience of an African Central bank, the network for Greening the Financial system (NGFS), international organisations (ECF and RMI) to draw conclusions on best practices which can be replicated in the global South.

Moderation: Hélène Lanier, Managing Director –  2DII

Speakers:

  • Jean Boissinot, Deputy Director, Financial Stability – Banque de France, NGFS Secretariat
  • Morgan Després, Executive Director, Climate Finance, Land Use, Net-Zero Economy – European Climate Foundation (ECF)
  • Olivier Mugwaneza – Manager, Financial Sector Policy, Rwanda Central Bank (BNR)
  • Brian O’Hanlon, Managing Director, Climate Finance – RMI

Location:

Pavillion Francophonie (on site)

Flash the QR code to participate online:

 

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🎯Highlighting recent initiatives among African central banks to support the development of sustainable finance.

 

Description: The side-event aims at highlighting best practices among central banks to foster the development of sustainable practices in the finance sector. Local governments and international financiers often trigger large initiatives which can translate in regulations or technical work conducted by central banks. Those specific players can therefore play a pivotal role to develop different tools and mobilize financial institutions (banks, insurance companies, microfinance institutions). All players can be involved in such initiatives.

Regulators can make use of the regulation as a lever to develop sustainable finance and are best placed to create central contact points for financial institutions to liaise with governments, international organisations and institutional investors.

The side event will build upon the expertise and experience of an African Central bank, the network for Greening the Financial system (NGFS), international organisations (ECF and RMI) to draw conclusions on best practices which can be replicated in the global South.

Moderation: Hélène Lanier, Managing Director –  2DII

Speakers:

  • Jean Boissinot, Deputy Director, Financial Stability – Banque de France, NGFS Secretariat
  • Morgan Després, Executive Director, Climate Finance, Land Use, Net-Zero Economy – European Climate Foundation (ECF)
  • Olivier Mugwaneza – Manager, Financial Sector Policy, Rwanda Central Bank (BNR)
  • Brian O’Hanlon, Managing Director, Climate Finance – RMI

Location:

Pavillion Francophonie (on site)

Flash the QR code to participate online:

 

2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.