{"id":85797,"date":"2023-03-03T01:23:56","date_gmt":"2023-03-02T23:23:56","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=85797"},"modified":"2023-03-03T01:23:56","modified_gmt":"2023-03-02T23:23:56","slug":"ambrosini-financial-institutions-need-to-secure-13-trln-for-climate-finance-under-paris-agreement","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ambrosini-financial-institutions-need-to-secure-13-trln-for-climate-finance-under-paris-agreement\/","title":{"rendered":"Ambrosini: Financial institutions need to secure $ 13 trln for climate finance under Paris Agreement"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">Dr. Riccardo Ambrosini, Sustainable Energy Finance Lead of the Financial Institutions Group \u2013 Africa, said financial institutions need to secure $ 13 trillion for climate finance under the<a href=\"https:\/\/unfccc.int\/process-and-meetings\/the-paris-agreement\"> Paris Agreement<\/a> goals in the coming few years.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Ambrosini added that capital markets will responsible for the remaining $ 10 trillion for achieving the agreement\u2019s targets.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">He made the remarks during the 13<sup>th<\/sup> CSR and Sustainable Development Forum which is organized by <a href=\"https:\/\/www.csregypt.com\/en\/moustafa-csr-egypt-launched-1st-sustainable-development-platform-for-children\/\">CSR Egypt<\/a>. The event opened on Thursday in the Red Sea resort city of Hurghada.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Ambrosini noted however that the problem with Africa is that the capital markets are not highly developed. \u201cSo that&#8217;s why I see works supporting regulator, supporting the issuers and investing as demonstrating that capital market transactions like green bonds or social bonds or sustainability bonds.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cBasically, I work all across Africa and we started in 2016 developing guidelines for green bond issuance in Morocco, then we worked in Lebanon, in Egypt, Tunisia, Ghana, Nigeria, West Africa, Central Africa.. so basically this is one way to socialize green bonds,\u201d Ambrosini concluded.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>Dr. Riccardo Ambrosini, Sustainable Energy Finance Lead of the Financial Institutions Group \u2013 Africa, said financial institutions need to secure $ 13 trillion for climate finance under the Paris Agreement goals in the coming few years. Ambrosini added that capital markets will responsible for the remaining $ 10 trillion for achieving the agreement\u2019s targets. He [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":85798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ambrosini: Financial institutions need to secure $ 13 trln for climate finance under Paris Agreement - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Ambrosini, Sustainable Energy Finance Lead of the Financial Institutions Group \u2013 Africa, said financial institutions need to secure $ 13 trillion for climate finance under the Paris Agreement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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