Reserve Bank of India (RBI) has published its Statement of Commitment to Support NGFS [Network for Greening the Financial System] declaration.The declaration aims to contribute to the global response required to meet the climate goals.<\/span><\/p>\n NGFS was launched at the <\/span>Paris One Planet Summit<\/b> on December 12, 2017.<\/span><\/p>\n Purpose:<\/b> 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.\u00a0<\/span><\/p>\n It also seeks to mobilise<\/b> mainstream finance to support the transition towards a sustainable economy.<\/span><\/p>\n Members:<\/b>\u00a0It includes central banks and financial supervisors.<\/span><\/p>\n Secretariat<\/b>: It is hosted by the Banque de France<\/span><\/p>\n Reserve Bank of India(RBI) has joined the Network for Greening the Financial System (NGFS) as a Member in April,2021.<\/span><\/p>\n RBI expects to benefit from the membership of NGFS by learning from and contributing to global efforts on Green Finance which has assumed significance in the context of climate change.<\/span><\/p>\n Source:<\/b> This post is based on the article<\/span> \u201c<\/b>RBI publishes \u2018Statement of Commitment to Support Greening India\u2019s Financial System<\/b>\u201d <\/b>published in<\/span> \u201cAIR\u201d <\/b>on <\/b>6th November 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? Reserve Bank of India (RBI) has published its Statement of Commitment to Support NGFS [Network for Greening the Financial System] declaration.The declaration aims to contribute to the global response required to meet the climate goals. What is NGFS? NGFS was launched at the Paris One Planet Summit on December 12, 2017.… Continue reading RBI publishes \u2018Statement of Commitment to Support Greening India\u2019s Financial System<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[],"class_list":["post-145188","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704809061},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/145188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=145188"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/145188\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=145188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=145188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=145188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is NGFS?<\/b><\/h5>\n
When did RBI join NGFS?<\/b><\/h5>\n