Topics Covered: Important International institutions, agencies and fora, their structure, mandate.
Network For Greening Financial System:
Context:
The Reserve Bank of India (RBI) has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a member.
About NGFS:
- Launched at the Paris One Planet Summit on December 12, 2017.
- It is a group of central banks and supervisors willing to share best practices and contribute to the development of environment and climate risk management in the financial sector.
- It also seeks to mobilise mainstream finance to support the transition towards a sustainable economy.
- Composition: Includes central banks and financial supervisors.
- Secretariat is hosted by the Banque de France.
InstaLinks:
Prelims Link:
- About NGFS.
- Composition.
- Objectives.
- Functions.
- Members.
Mains Link:
Write a note on NGFS.
Sources: ET.
