The Institute of Global Finance, in collaboration with the Asian Development Bank organised a major international forum on climate change and climate finance.
As a follow up to COP27, an international forum on climate change and Climate finance was held within the AFBC conference program to analyse and discuss various issues associated with the environment, climate change and climate finance, considering the outcomes of this summit.
The keynote of this international forum was:
Keynote: Nobel Laureate, Professor Robert Engle from NYU
Speaker: Dr Cyn-Young Park, Head of Research and Engagement of the Asian Development Bank
The collaborative work of the IGF with the research work at NYU on climate risk and climate finance is a continuation of the current work that the IGF and NYU have been doing over the last 12 years. The stability of the banking system has been a major issue since the global financial crisis. The V-Lab at NYU has now extended this work to climate risk and climate finance.
The issues discussed include how to enhance global collective efforts and build capacity to sustain efforts for the protection of environment and measures that can mitigate those factors affected by climate change and ensure adequate financial resources. What are some of the challenges and opportunities associated with the protection of the local and national environment, what are the challenges associated with ESG; How can ESG be effectively
incorporated into portfolio assets; What role does corporate governance play in contributing to the process of managing challenges associated with climate change. Is there a role for stronger global governance of the environment, and climate related issues.