The EU is committed to becoming a global leader in green finance and taking steps to protect the financial system from climate risk. It is determined to export its regulatory approach across the globe but faces challenges and limitations in this pursuit. The European Commission established a Technical Expert Group on Sustainable Finance in 2018 to improve the flow of information among financial market actors. While, overall, the Expert Group has made a promising start in its approach to addressing climate risks and promoting green finance, its approach has been criticized for lacking nuance, particularly when it comes to its binary classification of assets and sectors of the economy as either ‘green’ or ‘brown’. These critiques are important to consider if the EU is to successfully export its approach globally.
In his keynote address, President Houngbo outlines how a 21st century approach to agriculture is central to creating a better world and argues that with the right investments, small-scale producers can transform the rural communities where they live, ensuring food security, boosting economic growth and creating jobs, particularly for young people.
In his address to the IIEA, the United Nations High Commissioner for Refugees, Filippo Grandi, shares his personal perspective on the dynamics of forced displacement and the global response to refugees. He discusses the implications of the new Global Compact on Refugees and look ahead to the first ever Global Refugee Forum, to be held in Geneva in December.