01 December 2022

Sustainable and Green Finance Institute (SGFIN) hosted the IMF Seminar on “Scaling Up Private Climate Finance in Developing and Emerging Economies” and had the pleasure of inviting IMF speakers Torsten Ehlers, Charlotte Gardes-Landolfini and discussant Vinod Thomas from NUS (Lee Kuan Yew School of Public Policy) who shared interesting insights about climate finance. International Monetary Fund described potential issues with ESG scoring features and highlighted challenges in scaling up private financing such as the lack of effective carbon pricing, still-strong fossil fuel investment and underdeveloped climate information architecture. IMF’s Global Financial Stability Report (Chap.2) describes a series of innovative financial instruments that could help overcome some of these challenges. Aiming to facilitate global transition to net zero, International Monetary Fund is playing an increasingly pivotal role in reducing the climate financing gap through its new Resilience and Sustainability Trust (RST).