In just over two weeks’ time, we will be hosting a conference at Guildhall focused on a rapidly growing and incredibly promising sector of financial services and investment: green finance.
The second Green Finance Summit will bring together more than 700 delegates from the realms of business, government, and regulation to discuss how green finance can be grown here in London, the world’s most dynamic and international financial centre.
Green finance is already growing rapidly across the world, with green bond issuances up from $87bn in 2016 to $155bn last year, and is expected to reach more than $250bn this year.
Globally more than $90 trillion in investment will be needed by 2030 to achieve sustainable development and climate objectives. This represents a huge opportunity for London, and one we must seize with both hands.
London is already a leading centre for infrastructure finance, with more than 250 foreign banks based here, as well as a huge number of large institutional investors with assets under management of more than $100bn available to be deployed globally.
The UK is also the largest centre for asset management…