SAO PAULO, April 7, 2024 /PRNewswire/ -- The
Capacity-building Alliance of Sustainable Investment (CASI) held
its inaugural in-person event in Sao
Paulo, Brazil, from April 3-5,
2024. The event aimed to synchronize endeavors in financing
green initiatives and propelling the Latin American region towards
a low-GHG and climate-resilient future.
Launched amidst the momentum of COP28, CASI is dedicated to amplifying capacity
for sustainable finance and investment across emerging markets and
developing countries (EMDEs). Bolstered by a global membership of
over 50 organizations and continuously expanding, CASI galvanizes
collective efforts from diverse stakeholders worldwide.
The two-day symposium garnered a multinational cohort, with over
200 individuals present onsite and more than 1000 participating
virtually, with a significant representation from Brazil and neighboring Latin American
countries such as Peru and
Mexico. Regulators including the
Ministry of Finance and central bank, alongside senior
representatives from financial institutions, agri-business
industries, research organizations, and service providers, lent
their perspectives to enrich the discussions.
The event facilitated dynamic discussions and knowledge exchange
among stakeholders from Brazil and
Latin America's sustainable
investment ecosystem. Deliberations covered six key themes of
sustainable finance, including market dynamics, policy frameworks,
financial instruments, sustainability disclosure, transition
finance, and biodiversity conservation.
Highlighting the urgent need for sustainable financing,
Ma Jun, Chairman of CASI and former
co-chair of the G20 Sustainable Finance Working Group, emphasized
the US$ 4-6 trillion annual financing
gap for transitioning to a low-carbon economy and achieving the UN
SDGs. Ma Jun stressed the crucial
role of capacity-building, advocating for collaboration between
CASI and countries like Brazil,
Peru, and Mexico.
Former Brazilian Minister of Finance, Joaquim Levy, echoed this sentiment, emphasizing
the necessity of platforms like CASI in addressing climate change
and mobilizing private sector resources. Maria Netto, Executive Director of iCS,
highlighted investment opportunities in bioeconomy, nature-based
solutions, and sustainable infrastructure, stressing the importance
of diverse stakeholders and financial instruments. Complementing
workshops, a half-day site visit showcased sustainable approaches
in the agriculture sector, providing tangible examples of effective
implementation.
CASI launched four programs, including in-person events, monthly
seminars/webinars, e-learning courses, and tailored services for
International Financial Institutions. Aiming to train 100,000
individuals by 2030, CASI's next event will be held in late June in
Hong Kong, followed by events in
Africa and the Middle East, reinforcing its global
sustainable finance mission.
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