RBI joins community for greening monetary system
The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a member. The central financial institution joined the NGFS on April 23, 2021. Green finance assumed significance within the context of local weather change. The RBI expects to learn from the membership of NGFS by studying from and contributing to international efforts on inexperienced finance, which has assumed significance within the context of local weather change.
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Launched on the Paris One Planet Summit on December 12, 2017, the NGFS is a bunch of central banks and supervisors prepared to share greatest practices and contribute to the event of atmosphere and local weather threat administration within the monetary sector, whereas mobilising mainstream finance to help the transition in direction of a sustainable economic system.
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