Green Finance for Developing Countries
This report outlines key concerns and needs of developing countries in relation to green finance, particularly focusing on developing countries that are not members of the G20. It also highlights emerging innovations, drawing in particular from engagement with practitioners and regulators from Bangladesh, Colombia, Egypt, Honduras, Jordan, Kenya, Mauritius, Mongolia, Morocco, Nigeria, the Philippines, Thailand and Viet Nam, and the findings from the UNEP Inquiry’s country studies.
Green finance is a strategy for financial sector and broader sustainable development that is relevant around the world. But the context differs considerably for different countries. Developing countries, notably those with underdeveloped financial systems, face particular challenges in financing national development priorities.
Broadly, concern and action to align financing to sustainable development is concentrated in three areas:
- Preventing the financing of illicit practices or profiting from weak enforcement.
- Unlocking opportunities for green investment.
- Exploring solutions to dilemmas and trade-offs.