The U.N. Environment Programme (UNEP) defines green economy as an economy that “results in improved human well-being and social equity while significantly reducing environmental risks and ecological scarcities. In its simplest meaning, a green economy can be thought of “as one which is low-carbon, resource-efficient, and socially-inclusive.”
The UNEP 2011 Green Economy Report informs that “based on existing studies, the annual financing demand to green the global economy was estimated to be in the range US$ 1.05 to US$ 2.59 trillion. To place this demand in perspective, it is about one-tenth of total global investment per year, as measured by global Gross Capital Formation.”
National and regional development finance institutions (DFIs) have contributed in their own way to this funding effort, providing access to finance and technical assistance to projects in the field of, among others, renewable energy, green buildings, clean transportation, and water and waste management systems.
It is in this context that the World Federation of DFIs (WFDFI) is organizing the International CEO Forum 2018 for its member-DFIs’ leaders to: (a) share and learn from each other their best practices, challenges and innovative ideas on financing the green economy and (b) provide their thoughts and perspectives on future trends in building a green economy.