Chair of the Board, Doctor of Science in Geography, Professor Georgy Fomenko and Deputy Director, PhD in Geography, Associate Professor Marina Fomenko attended the forum
This event brought together leading actors of the green finance and investment community in order to promote effective collaboration, cooperation and development in the field of green finance and investment. The forum was attended by institutional investors, asset managers, ministries of finance and central banks, financial regulators, commercial and investment banks, international climate funds, multilateral development banks, green investment banks, corporations, civil society, the philanthropic sector and more.
The first day of the forum was devoted to the theme “Aligning Financial Flows with Climate Objectives and the SDGs”. The sessions discussed the alignment of the financial system with the Paris Agreement and the Sustainable Development Goals, the role of governments and public institutions, the role of banks in aligning financial flows with climate objectives, the importance of leveraging private finance to achieve greater impact for the Paris Agreement and Sustainable Development Goals (SDGs) and the need for finance to move beyond low-hanging fruits such as low-carbon infrastructure and into a broader set of green (e.g. resilience, water, biodiversity) and social sectors. It included the discussion of the issue of integrating climate and environmental, social and governance (ESG) factors in institutional investment; shareholder actions; enhanced disclosure of climate factors; use of sustainable or low-carbon indices.
The second day of the forum covered the problems of aligning infrastructure with climate objectives and the SDGs. The experts discussed the development of robust project pipelines and improve the delivery of sustainable infrastructure, explored international initiatives for sustainable infrastructure financing and investment, and shared experience on the best use of public funds for mobilizing private sector investments in key areas for green cities.