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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
68
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
•
16
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?
17
MAYA DECLARATION COMMITMENTS
