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 |
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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 |
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okr-10986-260612021-04-23T14:04:33Z Insurers as Partners in Inclusive Green Growth Mills, Evan economic growth green growth insurance climate change finance investment hazard risk regulation public-private partnership 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. 2017-02-14T15:43:54Z 2017-02-14T15:43:54Z 2013-01 Working Paper http://documents.worldbank.org/curated/en/783021486372483677/Insurers-as-partners-in-inclusive-green-growth http://hdl.handle.net/10986/26061 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Working Paper |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
economic growth green growth insurance climate change finance investment hazard risk regulation public-private partnership |
| spellingShingle |
economic growth green growth insurance climate change finance investment hazard risk regulation public-private partnership Mills, Evan Insurers as Partners in Inclusive Green Growth |
| description |
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. |
| format |
Working Paper |
| author |
Mills, Evan |
| author_facet |
Mills, Evan |
| author_sort |
Mills, Evan |
| title |
Insurers as Partners in Inclusive Green Growth |
| title_short |
Insurers as Partners in Inclusive Green Growth |
| title_full |
Insurers as Partners in Inclusive Green Growth |
| title_fullStr |
Insurers as Partners in Inclusive Green Growth |
| title_full_unstemmed |
Insurers as Partners in Inclusive Green Growth |
| title_sort |
insurers as partners in inclusive green growth |
| publisher |
International Finance Corporation, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/783021486372483677/Insurers-as-partners-in-inclusive-green-growth http://hdl.handle.net/10986/26061 |
| _version_ |
1764460845750812672 |