10/18/2024

Peru hosted its first International Green Finance Forum

A gathering of conference participants in an elegant meeting room. The front row consists of leading figures in suits and formal attire, all raising their right hand in greeting. In front of them is a monitor labelled ‘Foro Internacional de Finanzas Verdes 2024’. A large crowd waves in the background. — Participants of the conference

In response to growing global climate and environmental challenges, the first International Green Finance Forum in Peru brought together leading experts to explore innovative financial solutions for a sustainable future. This milestone event was supported by the International Climate Initiative (IKI) and made possible through the BioInvest project, which is dedicated to promoting impact investments for the sustainable use of biodiversity in Peru.

People in a conference hall look towards the front, where a speaker is standing on stage and giving a presentation on the ‘Foro Internacional de Finanzas Verdes 2024’. The name Juan Carlos Castro Vargas can be seen on the large screen, surrounded by the logos of various institutions. The room is elegantly designed, with warm lighting and modern accents. — The Environment Minister of Peru during his speech

The inaugural FIVERDE International Green Finance Forum in September brought together 80 experts from 18 countries in Europe, Africa, the Americas and Asia. Organized by Peru's Ministry of Environment (MINAM) and Ministry of Economy and Finance (MEF), the forum served as a platform to discuss global opportunities and challenges in mobilizing public and private financial resources for activities that support a more sustainable and equitable economic transition.

Exchange of experiences

A group of eight people stand on a stage and raise their right hand as if they are waving. In the background is a large banner with the text ‘Foro Internacional de Finanzas Verdes 2024’ and several logos. The people are wearing formal clothing. — High-ranking guests at the conference

In his opening remarks, Gustavo Adrianzén, President of the Council of Ministers, reaffirmed the Peruvian government’s unwavering commitment to sustainable development and its efforts in tackling climate change. Echoing this sentiment, Juan Carlos Castro, Minister of the Environment, emphasized the importance of the Green Finance Roadmap, an ambitious plan designed to mobilize $5.8 billion for sustainable projects by 2030.

The Minister of Economy and Finance, José Arista, further stressed the importance of green finance in achieving a delicate balance between economic growth, environmental preservation and the well-being of the population. Meanwhile, Germany’s Ambassador to Peru, Sabine Bloch, highlighted Germany’s strong focus on a fair and just transition to an environmentally friendly economy, noting Peru’s strategic position to lead on this critical issue.

The event brought together more than 200 participants from the public and private sectors, multilateral organizations and academia, fostering an exchange of experiences, lessons learned, and practical tools for scaling up green finance initiatives both locally and globally.

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