In partnership with Finance for Tomorrow, Climate Chance publishes the third edition of the Global Synthesis report on Climate Finance on the occasion of the Paris for Tomorrow Week, from 23 to 30 October 2020, around Climate Finance Day.
For two years now, Climate Chance and Finance fo Tomorrow are in partnership to produce an analysis and assessement of climate action led by banks, insurers and investors. It also presents the market dynamics with the evolution and offer of green financial products.
The 2020 edition reflects the growing awareness among financial players of their major role in the low-carbon transition of the real economy, but also of the factors underlying its success : the protection of biodiversity and the social impact of investments and financial products
The 2020 Global Synthesis decipheres five major trends:
- Progress in integrating climate change into the decisions of financial players
- Accelerating movement through financial regulation and supervision
- Gradual integration of biodiversity issues
- The effects of the Covid-19 pandemic
- Recent trends in green finance
“A few days before the 5th anniversary of the Paris Agreement, this third edition of the report produced by Climate Chance and Finance for Tomorrow, reflects how financial actors are increasingly becoming aware of their major role in the low-carbon transition of the real economy, but also in the factors that underpin its success: the protection of biodiversity and the social impact of investments and financial products. Each year, it analyzes in more detail the need for coherence between finance action and climate and environmental issues.”
Ronan Dantec, President of Climate Chance
“I am pleased that, for the third year in a row, Finance for Tomorrow is contributing to the annual financial sector climate action report published by the Climate Chance Association. The work themes of Finance for Tomorrow coincide with the new frontiers identified by this report: the financing of biodiversity, the social dimension, green fintech, alignment with the objectives of the Paris Agreement. It includes quantified and detailed information and also provides leads to feed our collective work, at French and international level.“
Thierry Déau, President of Finance for Tomorrow
You can read the complete 2020 Global Synthesis or its Summary dedicated to decision-makers below.