The Second G20 Sustainable Finance Working Group (SFWG) meeting beneath India’s G20 Presidency is ready to happen in Udaipur, Rajasthan from Tuesday.
During the three-day lengthy meeting in Udaipur, over 90 delegates from varied international locations who’re members of the G20 in addition to those that have been invited by the Indian Presidency together with International Organisations will have interaction in detailed deliberations on the agreed upon workplan and precedence areas for 2023.
The First G20 Sustainable Finance Working Group (SFWG) was held in Guwahati, Assam on February 2-3 the place members confirmed wide-ranging assist and cooperation for the SFWG workplan in 2023, an official assertion stated.
The Second G20 Sustainable Finance Working Group meeting is anticipated to take ahead the discussions and revisit the important thing takeaways from earlier conferences with respect to the three recognized precedence areas together with mechanisms for mobilisation of well timed and enough sources for local weather finance and enabling finance for the Sustainable Development Goals.
Besides, capability constructing of the ecosystem for financing towards sustainable improvement is a part of agenda.
On the side-lines of the meeting, two workshops have been planned–G20 Workshop on Non-Pricing Policy Levers to assist Sustainable Investment and G20 Workshop on Enabling finance for the Sustainable Development Goals.
These workshops are anticipated to facilitate a technical-level trade of concepts, experiences, and know-how from specialists for detailed discussions and insights on related subjects.
The G20 Workshop on Non-Pricing Policy Levers to assist Sustainable Investment is scheduled to be held on March 21. This workshop will focus on higher understanding the effectiveness of non-pricing coverage levers in enabling low carbon improvement with due consideration for nationwide circumstances and nationally outlined improvement priorities, it stated.
On the opposite hand, it stated, the G20 Workshop on Enabling finance for the Sustainable Development Goals will likely be held on March 22 to construct a greater understanding amongst G20 members and strengthen coverage and different suggestions in direction of enhanced financing for SDGs.
This is the primary time for the SFWG to transcend local weather associated points and interact in dialogue for enabling enhanced financing for choose SDGs primarily by means of nature-related knowledge and reporting and social impression investing, it stated.
