THE PARIS AGREEMENT CALLS FOR ACTION:

Greening the financial system

Green finance has been gaining increasing attention from different actors inside and outside financial markets, including civil society, regulators and governments across the EU. The 3fP-Tracker screens and assesses existing financial market regulation and policies on country level to evaluate where the national financial regulation stands today against the imperative of the <2-degree target as anchored in the Paris Agreement.

Substantial gap in aligning the <2-degree target with actual financial market regulations

However, the increase in number and intensity of activities addressing green finance is not automatically based on a robust and well justified or agreed understanding of direction, sequence, or ambition. There still is a substantial gap in linking proposed and discussed activities under green(ing) finance agendas to formulating targets and pathways toward actual financial market regulation and policies that would be required to support delivering the low-carbon transition through and by financial markets. The 3fP-Tracker screens and assesses existing financial market regulation and policies on country level to evaluate where the national financial regulation stands today against the imperative of the <2-degree target as anchored in the Paris Agreement. Furthermore, it provides guidance where the evolution of the regulatory framework may develop in the future.

The route to Paris-aligned financial systems - we need more progress

HOW THE 3fP-TRACKER WORKS

The 3fP-Tracker is structured along three dimensions, with the first two dimensions reflecting the two main economic objectives for financial sector regulation and the third dimension capturing any other public policy aiming to foster green finance…

LATEST COUNTRY ASSESSMENTS

France

TRANSPARENCY AND DISCLOSURE 4.8/1048%
48%
SUPERVISION, RISK MANAGEMENT AND SYSTEM STABILITY 5.4/1054%
54%
ENABLING ENVIRONMENT 6.7/1067%
67%

Germany

EU

Italy

France

Netherlands#3.9#4.9#5.0

Netherlands

Spain

THE 3FP-TRACKER @UNFCCC CLIMATE ACTION STUDIOS

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