inclusive green finance - université du luxembourg

INCLUSIVE GREEN FINANCE

Financial Inclusion, Climate Change & Financial Regulation

JOHANNA NYMAN, HEAD INCLUSIVE GREEN FINANCEALLIANCE FOR FINANCIAL INCLUSION (AFI)12TH NOVEMBER 2020

#afiGlobal | www.afi-global.org

What is theAFI GlobalNetwork?

AFI has matured… it’s institutional identity is marked by a real sense of member ownership and peer exchange, which has never been done before on this scale.

Prof. Benno N’dulu, former Governor of the Central Bank of Tanzania and AFI Chair

“”

Representing about

of globalunbanked population 85%

AFI’s goal is to support members to develop and implement successful financial inclusion policies that address country specific challenges

AFI is a non-political, non-profit organization, owned, governed and sustained by members through annual membership fees

100financial sectorpolicymaker and regulators fromemerging and developing countries working together to advance financial inclusion

89What is the AFI Global Network?

Developing countries89

National Maya Declaration Commitments

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Policy changes500+

600 MilUnbanked people brought into the

formal financial system

Over

Impact of AFI’s Network

Climate Change Related Risks

Physical risksExtreme weather events

Slow-onset climate change

Transition risksPolicy & Legal

Technology Market

Reputation

Impact on:Input costs

Operating costsRevenues

Supply chainBusiness interruption

Timing

#afiGlobal 7

INCLUSIVE GREEN FINANCE:

POLICIES AND REGULATION THAT AIM AT ENABLING

MITIGATION AND BUILDING RESILIENCE TO THE NEGATIVE IMPACTS OF CLIMATE CHANGE

THROUGH FINANCIAL INCLUSION

SAVINGS (ESECIALLY FORMAL)Buffer against cost increases, diversity risks, access credit,

accelerate recovery and reconstruction

CREDITInvestment in e.g. low-carbon

technologies, reviver and reconstruction, more resilient

housing and agriculture

INSURANCESafeguard against the effects of extreme weather events and gradual climate change

DIGITAL FINANCIAL SERVICESEnabling the spread and use of savings, credit

and insurance, as well as humanitarian assistance after extreme weather events

Sustainable Development

Environmental

Climate Change Mitigation

Climate Change Adaptation

Other Environmental

Social, Economic,

Governance

Low-Carbon Finance

Climate Finance

Green Finance

Sustainable Finance

THE 4P FRAMEWORK OF INCLUSIVE GREEN FINANCE

PROMOTION

PROVISION

PROTECTION

PREVENTION

GENDER AND IGF

•

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TRENDS AND CONSIDERATIONS A focus on promotion policies

Building capacity Creating incentives

National coordination & collaboration Regulator & private sector Government-wide coordination

Test and learn – lessons from financial inclusion

The potential for DFS to enable IGF

Can the recovery post COVID-19 be green?

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MAYA DECLARATION COMMITMENTS

THANK YOU

johanna.nyman@afi-global.org