Once financial markets became fully engaged around the global climate change agenda, transparency and accountability as well as intense cooperation among stakeholders took hold. Though volumes in green finance are still small, their footprint is measured on a different scale altogether. Thanks to green finance, various actors such as governments, financial institutions, investors, multilateral institutions, cities, corporations, and civil society actors across the globe are participating in intense climate change discussions.
The financial community is now turning its eyes to the United Nations’ sustainable development goals, which encompass climate, environment, and much more. Eleven years after creating green bonds, the European Investment Bank (EIB)—the European Union bank—is introducing a new debt product, a sustainability bond, highlighting the bank’s role in sustainable finance both in and outside of Europe. The new product will aim to raise awareness around the importance of social, green, and sustainable investment and to support the achievement of the U.N. Sustainable Development Goals (SDGs).
On April 20, EIB and the Global Economy and Development program at Brookings will co-host a panel of development finance experts to discuss the implications of EIB’s new bond product in support of the SDGs in addressing climate change and other environmental challenges.
Following the conversation, panelists will take audience questions.
Please use the entrance on 22nd Street when arriving.