{"id":71412,"date":"2016-09-21T16:05:47","date_gmt":"2016-09-21T20:05:47","guid":{"rendered":"http:\/\/www.un.org\/pga\/71\/?p=71412"},"modified":"2016-09-21T17:10:04","modified_gmt":"2016-09-21T21:10:04","slug":"new-report-identifies-strategies-to-finance-the-sdgs-and-climate-action","status":"publish","type":"post","link":"https:\/\/www.un.org\/pga\/71\/2016\/09\/21\/new-report-identifies-strategies-to-finance-the-sdgs-and-climate-action\/","title":{"rendered":"New report identifies strategies to finance the SDGs and Climate Action"},"content":{"rendered":"<p style=\"text-align: right\"><strong>Press Release<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2 style=\"text-align: center\"><strong>New report identifies strategies to finance the SDGs and Climate Action<\/strong><\/h2>\n<p><strong>\u00a0<\/strong><\/p>\n<p style=\"text-align: justify\"><strong><em>Ä¢¹½ÊÓƵITED NATIONS<\/em><\/strong><em>, New York, 21 September 2016<\/em> \u2013 Strategies to shift capital towards investments that generate climate action and sustainable development were discussed at the United Nations today at a high-level event to discuss a new report titled <strong><em>\u201cLinks in the Chain of Sustainable Finance: Accelerating Private Investments for the SDGs, including Climate Action.\u201d<\/em><\/strong><\/p>\n<p style=\"text-align: justify\">The high-level event was opened by the President of the Ä¢¹½ÊÓƵ General Assembly H.E. Peter Thomson and chaired by his predecessor H.E. Mogens Lykketoft.<\/p>\n<p style=\"text-align: justify\">Discussions were centred around the report, invited by President of the 70th Session of the Ä¢¹½ÊÓƵ General Assembly, Mr Lykketoft, and written by Brookings Institution scholars Homi Kharas and John McArthur. Similar reports from Ä¢¹½ÊÓƵEP and from the New Climate Economy were also discussed.<\/p>\n<p style=\"text-align: justify\">The Brookings Institution report identifies strategies designed to shift the global flow of capital away from unsustainable sectors and towards investments that generate positive externalities in addition to economic growth, namely social inclusion and environmental protection.<\/p>\n<p style=\"text-align: justify\">\u201cSustainable finance is not only about increasing investments through new funding streams, it is also about finding ways to reorient the world\u2019s existing financing streams to be consistent with multiple SDGs at once,\u201d said the authors of the report, Homi Kharas and John McArthur.<\/p>\n<p style=\"text-align: justify\">The event at the United Nations HQ in New York during the Ä¢¹½ÊÓƵ General Debate lunch break provided an opportunity for participants from governments, the private sector, think tanks, philanthropies and academia to exchange views on what will be needed to mobilize the financial resources necessary to implement the 2030 Agenda for Sustainable Development.<\/p>\n<p style=\"text-align: justify\">In his opening remarks, Mr Thomson emphasized the importance of strong engagement from all stakeholders.<\/p>\n<p style=\"text-align: justify\">\u201cWe must devise a regulatory system, at both the national and international levels, including an adequate incentive structure, that will make inclusive, sustainable investments also the most profitable investments,\u201d he said.<\/p>\n<p style=\"text-align: justify\">One of the participants, Mark Wilson, the CEO of Aviva, commented: \u201cIt is enlightened self-interest that determines why business will act sustainably.\u00a0 If business isn\u2019t sustainable then society is at risk.\u00a0 And if society isn\u2019t sustainable then business is at risk. I welcome the report from the Brookings Institution and the leadership shown by the President of the General Assembly. Aviva looks forward to helping to deliver the recommendations contained within it.\u201d<\/p>\n<p style=\"text-align: justify\">Download report <a href=\"https:\/\/www.brookings.edu\/research\/links-in-the-chain-of-sustainable-finance-accelerating-private-investments-for-the-sdgs-including-climate-action\/\">here<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Hashtags:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><em>#SDGFinance #SDG<\/em><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>FOR MEDIA INQUIRIES PLEASE CONTACT:<\/strong><\/p>\n<p><strong>Dan Thomas<\/strong>, Communications Director for the President of the General Assembly, +1 917 225 1913 <a href=\"mailto:daniel.thomas@un.org\">daniel.thomas@un.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Press Release \u00a0 New report identifies strategies to finance the SDGs and Climate Action \u00a0 Ä¢¹½ÊÓƵITED NATIONS, New York, 21 September 2016 \u2013 Strategies to shift capital towards investments that [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":71200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[162,303],"tags":[3180,306,3408,294],"class_list":["post-71412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","category-pga-press-releases","tag-latest-news","tag-press-release","tag-sdg-finance","tag-sdgs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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