Guernsey Green Finance has welcomed the news that an application
has been accepted from the Guernsey Financial Services Commission
(GFSC) for membership of the Network for Greening the Financial
System (NGFS).
Guernsey is the first island International Finance Centre to
achieve membership of the NGFS in a move consistent with the
international engagement element of Guernsey's green finance
strategy.
The purpose of the NGFS is to help strengthen the global
response required to meet the goals of the Paris agreement and to
enhance the role of the financial system in managing risks and
mobilising capital for green and low-carbon investments in the
broader context of environmentally sustainable development. It aims
to accelerate the work of central banks and supervisors on climate
and environmental risk and on scaling up green finance and so
contribute to the development of environment and climate-related
risk management in the financial sector.
