GUANGZHOU, China, Dec. 4, 2021 /PRNewswire/ -- Goldman Sachs and
the International Finance Forum (IFF) today launched the Green
Finance Working Group ("the Working Group"), at the opening of the
IFF 18th Annual Meeting. The Working Group will provide
a platform for companies to exchange and develop ideas on how best
to leverage green finance innovations to advance the world's
transition to a low-carbon economy.
Co-chaired by John Waldron,
President and Chief Operating Officer of Goldman Sachs, and Zhu
Xian, Vice President and Secretary-General of the IFF, the Working
Group will facilitate dialogue on climate action among senior
executives from global corporations and researchers from leading
institutions and advise and work with policymakers to enhance green
finance cooperation across public and private sectors.
The Working Group will also focus on China's role in achieving sustainable
outcomes. Research from Goldman Sachs estimates China's pursuit of Net Zero could generate
US$16 trillion in infrastructure
investment opportunities by 2060 as well as 40 million net new jobs
for the country while supporting robust economic growth.
"We need to move from the science of climate change to the
business of climate change, to deploying these technologies at
scale and making it easier for consumers to seek out and opt for
greener energy sources to power their daily lives," said Waldron.
"Many companies joining us in the Working Group are some of the
most important investors and users of energy worldwide… Their
participation in this group will add momentum to global efforts
already underway, and help make those efforts more effective by
sharing the lessons learned from their decades of business
operations."
"We share a common vision towards the development of low carbon
economies, including promotion of a strong green financial market
and strengthening the role of finance in driving the implementation
of global sustainable development processes," said Zhu Xian. "This
Working Group will convene top level representatives of leading
global companies, including banks and financial institutions, and
other key sectors, such as energy and transport and leading
researchers from the US, EU, UK, and China in a solutions-focused dialogue on how
best to leverage green finance and capital markets as key tools to
mitigate climate change and transition to a low carbon
economy."
View original
content:https://www.prnewswire.com/news-releases/goldman-sachs-and-the-international-finance-forum-launch-green-finance-working-group-301437179.html
SOURCE International Finance Forum (IFF)