MEDIA ADVISORY: Links in the Chain of Sustainable Finance

MEDIA ADVISORY

 

Links in the Chain of Sustainable Finance:

Accelerating Private Investments for the SDGs, including Climate Action

 

While most agree that private finance needs to be urgently mobilized alongside public funds to meet the Sustainable Development Goals (SDGs) and to move forward on climate action, additional efforts are still required to promote and achieve sustainable finance around the world. Recommendations for bringing coherence to recent gains and diverse initiatives are explored in a new paper by Brookings Institution scholars Homi Kharas and John McArthur, “Links in the Chain of Sustainable Finance: Accelerating Private Investments for the SDGs, including Climate Action.”

The paper explores the question of how to align the responsibilities of interconnected investor, policy, regulatory, and corporate actors in a manner that creates incentives for reorienting capital flows toward SDG priorities. It further proposes a practical timetable linked to major international events in 2019, 2020 and 2023 – by which Member States can work with private sector leaders to ensure that both public and private investments meet appropriate environmental, social, and governance standards to achieve the international agreements captured in the  2030 Agenda for Sustainable Development..

A high level event on accelerating capital flows and investments in the SDGs, with both authors presenting their findings, will take place on 21 September in UNHQ.

The President of the 71st Session of the UN General Assembly, H.E. Peter Thomson, will deliver the opening remarks at the event, which will be chaired by the President of the 70th Session of the UN General Assembly, H.E. Mogens Lykketoft.

 

WHAT                     New paper on ‘Links in the Chain of Sustainable Finance: Accelerating
Private Investments for the SDGs, including Climate Action’ by Homi Kharas and
John McArthur. The paper is being released to coincide with a High Level Side
event on ‘Accelerating capital flows and investments in the Sustainable
Development Goals

WHEN                  21 September 2016, 1:00pm-2:45pm EST
WHERE               West Terrace Dining Room, United Nations HQ, New York
HASHTAGS       #SDGFinance and #GlobalGoals

The paper can be downloaded at: http://brook.gs/2cKAEnZ

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Media contacts

Office of H.E. Peter Thomson, President of the 71st Session of the UN General Assembly
Tomas Pico
picot@un.org Tel: +1 646 763 3709 and
Daniel Thomas Tel: +1 917 225 1913 | daniel.thomas@un.org

Office of H.E. Mogens Lykketoft, President of the 70th Session of the General Assembly
 Ulla Oestergaard | Tel: +1 646 388 3080 | oestergaard@un.org

Brookings Institution| Merrell Tuck-Primdahl | Tel: +1 202 415 1775 | mtuckprimdahl@worldbank.org

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