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Network for Greening the Financial System
May 3 , 2021
1091 days
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- The Reserve Bank of India recently joined the Network for Greening the Financial System (NGFS).
- By joining the system, RBI is to learn from and contribute to the Global Climate risk management in the financial sector.
- Ultimately, the apex bank will work with its global partners to support the transition towards a sustainable economy.
- There are 83 central banks associated with the Greening the Financial System.
- Of these 75 are members and 13 are observers.
- The main objective of the system is to increase and accelerate green finance.
- It aims to help the members design policies and climate risk resilience in financial sector.
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