|Thematic Breakout Session 6
The Future of Green: Sustainable Infrastructure Financing
In times of disruption, sustainable investment that is well-planned and future-focused is likely to be more resilient to climate and economic impacts. Investment in resilience is also cost-effective. According to the World Bank, developing countries alone could see US$4.2 trillion of benefit from investing in more resilient infrastructure – a return of $4 for every $1 invested. It is thus crucial to facilitate more capital flows towards sustainable and resilient projects in emerging markets, especially as post-Covid-19 economic recovery has offered an invaluable chance for countries to “build back better”.
The HKMA has been at the forefront of accelerating the growth of green and sustainable finance. In May 2020, HKMA together with 6 local regulatory bodies established a Cross-Agency Steering Group to co-ordinate the management of climate and environmental risks to the financial sector in Hong Kong.
The Centre for Green Finance (CGF), an initiative launched under the HKMA Infrastructure Financing Facilitation Office (IFFO), will serve as the focal point for capacity building and experience sharing, will also be responsible for promoting capacity and expertise in Green Finance. As a leading green and sustainable finance centre in Asia and globally, Hong Kong is well positioned to facilitate investments and financing into sustainable and resilient projects.
This panel, comprising public and private stakeholders along the investment value chain, will look into the importance of environment and resilience considerations in green financing and share best practices and experience.
Mr Rami Hayek
Senior Advisor (Market Outreach Division, External Department),
Hong Kong Monetary Authority
Mr Joachim von Amsberg
Vice President, Policy and Strategy, Asian Infrastructure Investment Bank
Mr Bruno Guilloton
Chief Executive Officer of Asia Pacific, AXA Investment Managers
Ms Grace Hui
Managing Director, Head of Green and Sustainable Finance, Hong Kong Exchanges and Clearing Limited
Mr Adrian Khoo
Managing Director, Co-Head of Asia Debt Capital Markets, Loans & Acquisition Finance, Citigroup