Sanusi, others to investigate global policy innovations for green economy

According to a statement from UNEP, the inquiry became imperative as there was a growing recognition that the financial system must be not only sound and stable, but also sustainable in the way it enables the transition to a low-carbon, green economy in the wake of the global financial crisis.The inquiry for which the constituted […]

According to a statement from UNEP, the inquiry became imperative as there was a growing recognition that the financial system must be not only sound and stable, but also sustainable in the way it enables the transition to a low-carbon, green economy in the wake of the global financial crisis.
The inquiry for which the constituted Advisory Council would guide, extends over 18 months to mid-2015 and it aims to engage, inform and guide policy makers, financial market actors and other stakeholders concerned with the health of the financial system and its potential for shaping the future economy.  
The statement said that as leading financial institutions increasingly appreciate the imperative of climate change, resource scarcity and other environmental challenges, the current financial ‘rules of the game’ may not be well suited to accelerate this transition.