3rd OECD Green Investment Financing Forum (GIFF)
The OECD Green Investment Financing Forum (GIFF) is an annual event aimed at promoting dialogue and enhancing understanding between a wide range of countries and institutions interested in mobilising private investment financing for low carbon and climate-resilient infrastructure. Speakers include high-level representatives from governments of OECD countries and emerging economies, developing countries, Green Investment Banks (GIBs), institutional investors and the private sector, international organisations and NGOs. Forum subject to Chatham House Rules.
As part of its extensive work on green finance and investment, ADBI and OECD convened the inaugural Green Investment Financing Forum in 2014 and the 2nd GIFF in 2015 in Paris. Building on the success of these two events, ADBI and OECD held the 3rd GIFF in Tokyo.
The Paris agreement at COP21 marked a decisive turning point in our response to climate change. Each country must now spell out a credible roadmap for action consistent with the goal of holding average temperature increases to well below 2 degrees Celsius above pre-industrial levels, and pursuing efforts to limit the increase to 1.5 degrees Celsius. As countries formulate strategies it will be important to consider how policies can help investors seize opportunities presented by the transition to a low-carbon economy, and overcome investment barriers.
Effective policies will build capacity and capital from the private sector, and will allow investors and other actors, including city authorities, to plan with confidence. Low-carbon transition comes with a wide range of benefits and returns that will require a massive shift towards low-carbon, energy-efficient, and climate-resilient systems. Green finance and investment is becoming a mainstream theme for investors and policy makers globally, as underscored by the creation of the G20 Green Finance Study Group under the Chinese presidency, and the establishment by the Financial Stability Board of the task force on climate-related financial disclosures.