The report, “Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges,” provides a first-ever look at the drivers and innovation that underpin sustainable finance efforts in low-income countries and captures lessons that will benefit other emerging markets.
The Report documents the accelerated progress of SBN members in translating policy innovations into practical implementation. It builds on the 2018 Global Progress Report and applies a robust measurement framework agreed on by all SBN members.
The research is drawn from examination of thirteen country and regional green bond frameworks; twenty-two SBN members surveyed, and nine interviews with regulators, stock exchanges and banking associations. It reflects strong market-based action, with policy leadership taking place among emerging markets to drive capital to investments and assets with environmental and social benefits.
The report provides practical indicators and tools for countries to apply to their own domestic markets, regardless of their size or stage of development. This is important because it facilitates learning by all members and accelerates the pace of change. It is based on an innovative results-measurement approach that has been agreed by all 34 member countries—a remarkable achievement that is breaking new ground for measuring progress at the global level.