Original source: Finance in Common
The Finance in Common Summit, taking place 12 November 2020 in Paris and virtually, will be a key milestone on the way to the crucial events of 2021, notably the COP26, the COP15, and the Generation Equality Forum, by reconciling the entire finance community in support of the common action for climate and the UN Sustainable Development Goals.
In the context of the Covid-19 pandemic and subsequent global socio-economic crisis, the Finance in Common Summit will stress the crucial role of Public Development Banks in reconciling short-term counter-cyclical responses to the crisis with sustainable recovery measures that will have a long-term impact on the planet and societies.
By rallying and challenging a new and significant global community with enhanced capacity of action, and by promoting sustained collective action, the Finance in Common Summit seeks to contribute substantially to the success of the UNSG’s “Decade of Action”.
- What type of collective action is required to avoid a long recession and make the post-Covid-19 recovery a sustainable one?
- How can Public Development Banks help economies cope with short-term employment support and long-term necessary transformation of industries?
- How can they implement the transition towards a low-carbon and resilient economy?
These questions will be at the core of the Finance in Common Summit.