In the recently concluded 2016 Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) held in Nadi, Fiji, on 7-9 September, the issue of green finance and its linkages with financial inclusion was one of the key discussion topics. Green finance has become a prominent policy agenda among governments, regulators, policymakers, and developmental agencies. A central message across the definition of green finance is finding that right balance between investing and financing for development while protecting the environment.
In the quest for sustainable development, access to finance becomes a critical component in implementing international agreements and goals such as the UN Sustainable Development Goals (SDGs). Transformation of the financial system would be a locomotive in promoting green finance and needs to be complemented with enabling regulatory frameworks, adequate fiscal incentives, and appropriate pricing reforms. To ensure implementation of these policies and strategies for a greener economy, a genuine collaborative model needs to be adopted.
For more on this story visit the following link: Financial Inclusion is a Key Pillar to Green Finance in the Pacific
Source: Alliance for Financial Inclusion