BSP promotes green finance

GREEN (From left) Asian Development Bank Principal Regional Cooperation Specialist Anouj Mehta; DOF Assistant Secretary Paola Sherina Alvarez; SEC Commissioner Ephyro Luis B. Amatong; NEDA Assistant Secretary Mercedita A. Sombilla, DOF Secretary Carlos G. Dominguez III; BSP Governor Benjamin E. Diokno; British Ambassador Daniel Pruce; Canadian Ambassador John Holmes; British High Commission Head of SEA Low Carbon Energy Program Camilla Fenning; and BSP Managing Director Pia Bernadette Roman Tayag.

The Bangko Sentral ng Pilipinas (BSP), in partnership with the British Embassy Manila (BEM) and other government agencies such as the Department of Finance (DOF), Department of Budget and Management (DBM); National Economic and Development Authority (NEDA), and Climate Change Commission (CCC), convened a Green Finance Forum and Roundtable on 17 to 18 January 2019 at the BSP.

It was attended by representatives from key government agencies, financial institutions, corporations, civil society organizations and the academe.

The Forum served as a platform for key stakeholders to understand foundational requirements for green finance, present examples of green finance instruments, encourage public-private collaboration in promoting green finance and discuss the possible application of approaches/institutional mechanisms of the UK Green Finance Initiative in the Philippine context.

The BSP partnership with BEM is part of a broader undertaking to promote sustainable financing in the banking sector, in line with the government’s “Build, Build, Build” and “Green, Green, Green” campaign. (http://www.bsp.gov.ph/)

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