Sixth Annual Meeting of the San Giorgio Group: Expanding Green, Low-Emissions Finance

The report outlines strategies to expand green finance by improving climate risk disclosure, streamlining international finance architecture to better support national and subnational levels, and utilizing innovative financial instruments to mobilize private capital. It emphasizes the critical need for bankable project pipelines, particularly for cities and conservation projects, and the importance of standardized data to align investment with the Paris Agreement and NDCs.

• Significant progress has been made in tracking climate finance since 2011, yet critical data gaps remain for domestic public expenditure, sustainable land use investments, and private adaptation finance.
• International climate finance architecture often overlooks cities, despite their role in 80% of necessary mitigation actions. Many cities in developing countries lack access to capital markets, with only 4% accessing international and 20% accessing domestic markets.
• The establishment of national green banks is not a guaranteed solution for scaling investment, as they cannot independently resolve regulatory inadequacies or corruption, and may not automatically prevent public finance from crowding out private investment.
• Conservation projects are severely underfunded, receiving only 2% of total climate finance despite their potential to provide 30% of the emission reductions needed to limit global temperature rise; this is partly due to uncertain cash flows and complex community interactions.
• Mandatory climate risk reporting, such as the law introduced in France, is viewed as more effective than voluntary models for accelerating disclosure and removing the competitive disadvantage companies fear when releasing risk assessments.
• A primary barrier to scaling up investment is the lack of high-quality, bankable projects rather than a lack of available capital.
• In Kenya, the government has established a comprehensive governance framework including a National Climate Change Action Plan and a Climate Change Act to reduce emissions by 30% compared to a 2010 baseline, though adaptation is now the priority over mitigation.

APA

Climate Policy Initiative (2017). Sixth Annual Meeting of the San Giorgio Group: Expanding Green, Low-Emissions Finance. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Sixth-Annual-San-Giorgio-Group-Meeting-Summary.pdf

Chicago

Climate Policy Initiative. Sixth Annual Meeting of the San Giorgio Group: Expanding Green, Low-Emissions Finance. 2017. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Sixth-Annual-San-Giorgio-Group-Meeting-Summary.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Sixth Annual Meeting of the San Giorgio Group: Expanding Green, Low-Emissions Finance |date=June 2017 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Sixth-Annual-San-Giorgio-Group-Meeting-Summary.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2017sixth, author = {{Climate Policy Initiative}}, title = {{Sixth Annual Meeting of the San Giorgio Group: Expanding Green, Low-Emissions Finance}}, institution = {Climate Policy Initiative}, year = {2017}, month = jun, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/04/Sixth-Annual-San-Giorgio-Group-Meeting-Summary.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }