Climate Policy Initiative’s Dhruba Purkayastha, Director, US-India Clean Energy Finance, will attend a workshop on “Scaling up Green Finance in Asia: The Role of Policies and Regulations” in Singapore, April 30, 2019. Mr. Purkayastha will be presenting a paper titled “Getting Financial Markets to Work for Climate Investments — Role of Financial Sector Regulation” during the workshop, 11:50-45 at the ESI Conference Room, Heng Mui Keng Terrace, Singapore. About the Workshop The Inter-Governmental Panel on Climate Change in their latest report noted that mobilization of climate finance is critical to limit global warming to 1.5◦C, and to prevent catastrophic climate change. To fully implement the Paris Agreement, US$ 1.5 trillion of green financing is required every year till 2030. Although it is hard to estimate the level of current low-carbon investments, it is evident that there is a huge gap. Increasing low-carbon investments to the level necessary for the 1.5◦C pathway requires a major shift in investment patterns. This shift would require government policies to redirect financial resources. Also, government policies are playing an increasingly important role in efforts to mainstream green finance. to facilitate discussion and provide feasible recommendations for policy-makers in Asia, the Energy Studies Institute (ESI) is organizing a workshop on ‘Scaling up Green Finance in Asia: The Role of Policies and Regulations’. The workshop will have researchers and practitioners from academia, government institutions and NGOs presenting and taking part in the discussion.
Find out more here.