Article in the CEBRI Journal presents the iCS position on sustainable finance

The international launch of the eighth edition of the CEBRI [Brazilian Center for International Relations] Journal addressed the Brazilian presidency of the G20. During an online chat lasting just over 1 hour, perspectives were discussed on the multilateral forum in which CEBRI (the Brazilian Center for International Relations) plays a fundamental role as one of the organizers of T20 (Think20), in partnership with IPEA (Institute for Applied Economic Research and FUNAG (Alexandre de Gusmão Foundation).

T20 is responsible for the strategic thinking of the G20, with the mobilization of national and foreign think tanks for the production of studies and recommendations to the group of the largest global economies. The meeting involved Cintya Feitosa, from iCS, ambassador Marcia Loureiro, from Funag, Nicolas Buchoud, a representative from the Asian Development Bank Institute, Andrew Cooper, from the University of Waterloo and Tetsushi Sonobe, the CEO of the Asian Development Bank Institute. Feliciano de Sá Guimarães, from CEBRI, was responsible for the opening.

The current edition of the CEBRI Journal can be read here. In it, Cintya Feitosa, Maria Netto, the executive director of iCS, and Lucca Rizzo, the climate finance specialist at the Institute, wrote the “Policy Brief: A Roadmap for Brazil’s G20 Presidency on Sustainable Finance”.

In its conclusion, the article shows that, at the heart of the climate action agenda, it is imperative to bolster finance and investments in both adaptation and mitigation. The article highlights that the emerging economies have been receiving less than a quarter of the required investment to combat climate change. Brazil’s dedication to advancing sustainable finance at the G20 underscores the enormous potential to address this funding and drive global progress towards a more resilient, inclusive and sustainable future.

The authors say that by building on the foundation laid by previous presidencies, the country has the opportunity to promote meaningful change within the Sustainable Finance Working Group.

The authors also reinforce that Brazil is in a position for outcomes that align the need to tackle climate change with the need to combat poverty and hunger, given that they are intrinsically related agendas. This would be “a legacy” to be continued by the South African Presidency, which will end the cycle of four consecutive years of G20 Presidency under developing countries.

The article also highlights the importance of Brazilian civil society and its ability to present good public policy proposals and political guidelines from the G20.




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