Insurers as Partners in Inclusive Green Growth
The Group of 20 (G20) nations increasingly recognize the importance of green growth, and many countries are demonstrating strong leadership through effective and progressive policies. However, governments do not act alone, the private sector is an...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/783021486372483677/Insurers-as-partners-in-inclusive-green-growth http://hdl.handle.net/10986/26061 |
| Summary: | The Group of 20 (G20) nations
increasingly recognize the importance of green growth, and
many countries are demonstrating strong leadership through
effective and progressive policies. However, governments do
not act alone, the private sector is an important partner,
providing new technologies, business models and investment
opportunities across a variety of sectors to help scale up
transformation. In 2012 the G20 Development Working Group
commissioned the International Finance Corporation, as the
largest development finance institution dedicated to private
sector development with a strong emphasis on sustainability,
to take stock of mechanisms to mobilize private capital,
including from institutional investors, for inclusive green
growth investments in developing countries. This work is
intended to inform the creation of a public-private G20
Dialogue Platform on Inclusive Green Investment. Insurers
can materially engage in green growth in several ways: by
helping spread the costs of everyday as well as catastrophic
losses (their core business) that so often represent a
setback to development efforts; accurately evaluating and
communicating risks to inform public and private decision
making; offering innovative risk management products and
services; providing influential input to the public policy
processes; and directly investing some of their substantial
assets (more than $20 trillion under management) in
inclusive green growth projects and providing risk
management tools for other investors. |
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