Commonwealth Secretariat climate finance group calls on Govts to review financial regulation so it supports the transition to a global low carbon economy Earlier this year the Commonwealth Secretariat was asked by member States to convene an “Expert Group on Climate Finance” to: explore practical actions to help unlock resources for small and vulnerable Commonwealth countries combatting climate change impacts.
The Expert Group was led by the former President of Guyana, Bharrat Jagdeo. UNEP FI Chair David Pitt-Watson and I served as “experts on private sector finance”. Members are listed at the bottom of this note.
Recommendations included some practical steps …
… and a useful message to least developed country and small island state governments …
… and finally the importance of ensuring that the system as a whole is capable of delivering the finance needed for a sustainable economy, including to developing countries:
The full composition of the Group was as follows:
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