Banking our Future on Green Finance
The financial system is the lifeblood of the global economy, channeling capital to businesses to fuel economic growth -- but this economic growth has often come at the expense of our environment and climate. "Green Finance," then, describes a financial system or a set of financial tools that will help to allocate resources towards a green and low-carbon economy. China has emerged as a key leader of green finance, establishing a high-level G20 green finance study group. But green finance can take on many different forms and involve a host of different actors. So what exactly is green finance, and what's been happening in and around China to promote sustainable investment?
In this episode, we invite Calvin Quek, Head of Sustainable Finance at Greenpeace East Asia, to share his perspectives on what's driving the buzz behind green bonds and green finance in China and what makes an investment a sustainable one. Be sure to keep an eye out for Greenpeace's upcoming work on green finance in the prelude to the One Belt, One Road summit in May of this year.